Report – Honda to provide financial relief for Takata in global expansion of airbag recall image

Even though Takata disregarded the order in the US from the federal safety regulator NHTSA to expand its airbag recall beyond the humid regions and territories, Honda – the automaker most affected by the crisis – decided to alone expand globally the recalls.

According to the Nikkei business daily, the carmaker – Takata’s No.1 client and the producer of the cars that were implicated in all five deadly accidents linked to the supplier’s airbags – would not only expand its safety campaigns globally, but also give financial aid to the parts maker if necessary. According to the Nikkei reported, which cited an interview with Honda President Takanobu Ito, the automaker would make sure the supplier can continue to function – it’s failure would deeply affect not just Honda, but other carmakers as well.

So far, the Nikkei claims that Honda, which also holds a 1.25 stake in Takata Corp. is going to expand its recall nationwide in the US – doubling the tally of vehicles that need to be repaired. Additionally, the total of autos called to the service in relation to the Takata safety campaigns in China, Japan and elsewhere would grow by around one million – leading to an overall total for the company of 13 million.

Via Bloomberg