Honda says has no plans to offer financial support to Takata
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] Japan's Honda Motor Co Ltd on Wednesday said it was not planning to extend financial support to Takata Corp, as a costly global recall of the air bag maker's potentially faulty inflators broadens.
US lawmakers on Tuesday stepped up pressure on federal regulators to accelerate the recall of millions of inflators, citing evidence that Takata manipulated data to cover up problems with its products.
Honda vehicles account for roughly half of the 50 million vehicles recalled over the issue since 2008.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities