The Business Times
SUBSCRIBERS

Japan carmakers break links with airbag maker

More vehicles recalled with no agreement between Takata and carmakers on cost split

Published Mon, May 18, 2015 · 09:50 PM

Tokyo

AIR BAG manufacturer Takata Corp and Japanese carmakers including Honda Motor Co are locked in the commercial equivalent of a bad marriage; not entirely happy in each other's company but unable to break apart and wary of potentially costly court battles.

Honda on Friday unveiled a new model with an unusual sales pitch - fuel efficient, lots of cargo space and, by the way, no air bag inflators made by Takata, the Japanese supplier at the centre of a global safety crisis that has rocked both companies.

Over the past five years, recalls have ballooned to include 36 million vehicles fitted with pote…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here