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Honda charged another $363 million over Takata airbags

The Takata airbag recall is growing increasingly expensive for Honda. In the latest hit to the automaker's bottom line, the company is revising the expected costs of its global safety campaigns by an additional 44.8 billion yen ($363 million) after the massive expansion in May. Months ago, Honda announced that it had set aside 50 billion yen ($425 million at the time) to meet the predicted expenses. According to Automotive News, due to the rather arcane laws of accounting, these new costs will actually be applied to the fiscal year that ended on March 31, rather than the current one. Honda's revised earnings will be announced in late June. The company previously reported an operating profit of 651.7 billion yen ($5.3 billion), which was down 13 percent from the previous year. There has been no change to planned dividends for investors. In the US, Honda and Acura have a total of about 6.28 million vehicles in need of a replacement airbag inflator, and the automaker says about two million of those are already repaired. In addition to the Takata campaign, the company has faced other financial setbacks during this calendar year. For example, in early January, it received a $70 million fine from the National Highway Traffic Safety Administration for failing to report 1,729 cases of injuries or deaths over 11 years. As part of a strategy to improve quality globally, Honda cut back its global sales forecasts for the coming year, and it also decided not to make any volume predictions through 2017. To: Shareholders of Honda Motor Co., Ltd. From: Honda Motor Co., Ltd. 1-1, Minami-Aoyama 2-chome, Minato-ku, 107-8556 Tokyo Takanobu Ito President and Representative Director Notice of Events after the Reporting Period Regarding Product Warranty Expenses Honda Motor Co., Ltd. (the "Company") and its consolidated subsidiaries have been conducting market-based measures in relation to airbag inflators, such as product recalls and a Safety Improvement Campaign. Due to factors arising since May 2015 such as an expansion of the scope of these market-based measures based on an agreement between our supplier and the U.S. National Highway Traffic Safety Administration, a change has arisen in the estimate relating to product warranty expenses. The amount of product warranty expenses now expected to be incurred is 44,800 million yen.

Honda Wander Walker, Stand will roam around, around, around [w/video]

They do things differently in Japan, and we're not just talking about the adorable kei car. No, the concept vehicles that debut at the Tokyo Motor Show are decidedly different than what you might see in Geneva or Detroit. Case in point – the Honda Wander Walker and Wander Stand Concepts, which we previewed late last month. Despite its name, the Wander Walker is quite obviously a four-wheeled scooter that'd look right at home being driven by the elderly IKEA enthusiast in some futuristic metropolis. The front wheels turn to darn near 90 degrees, blessing the Wander Walker with a mere one-meter turning circle. The impressive maneuverability is down to this thing being tiny. Check out the picture if it next to everyone's favorite robot, Asimo, for scale. That makes it a prime mobility solution for the cramped confines of urban Tokyo, a fact that's reinforced by its super-model skinny 21.25-inch width. That size allows the Walker to squeeze through the turnstiles to board Japan's ultra-efficient train network. It's unclear what kind of power is in use here, but it's almost certainly electric. The top speed is a leisurely 3.7 miles per hour. (A quick Wikipedia search reveals humans walk at about 3.1 mph, so yes, this is at least a bit faster than walking.) If the Wander Walker is a futuristic scooter, the Wander Stand looks like a waiting room on wheels. Unlike the Walker, it'll accommodate two adults who can ride side-by-side in a 72.8-inch tall, 49.2-inch wide, and 78.4-inch long box. Like so many futuristic bits of tech, the Wander Stand throws information up on the windshield, which sits atop a futuristic dash. What sets this concept apart from the average kei car, is the Honda Omni Traction Drive System, which allows the usual movement forward and back, but also gives drivers the ability to drive laterally or even diagonally. Again, Japan is a tight place, and this kind of ability grants drivers a lot of leeway in urban driving. We've got a few images direct from Honda available above and below, while you can also look forward to a full array of live images, direct from the floor of the 2015 Tokyo Motor Show.

Honda: 2/3rds of our vehicles will be plug-in or hydrogen by 2030

Honda has a new and expanded vision for its plug-in electric vehicles, including more plug-in lawn mowers and construction machines. While things like the Miimo are cool, we'll admit that we're more into the heavy emphasis that Honda CEO Takahiro Hachigo just put on pure electric, plug-in hybrid, and fuel cell vehicles. In fact, Hachigo is so confident in these electric options that he said that Honda expects fully two-thirds of its vehicles will fit into one of those three categories by 2030. "We will make a plug-in hybrid type available for our major models" - Takahiro Hachigo Speaking at an annual speech in Japan, Hachigo talked about an electric version of the popular Honda Cub motorcycle, the EV-CUB. This electric two-wheeler could come to Japan in about two year and then to various countries in Southeast Asia. As for four-wheelers, the way that Hachigo sees electrification working is to first emphasize plug-in hybrids as the core of the brand's electrification efforts. Specifically, he said that, "we will make a plug-in hybrid type available for our major models and increase the number of models sequentially." The end result, he said, is that, "we will strive to make two-thirds of our overall unit sales from plug-in hybrid/hybrid vehicles and zero-emissions vehicles such as, FCVs and battery EVs by around 2030." The company's next hydrogen vehicle is the Clarity, which goes on sale in Japan in March. It's next-gen EV and PHEV should arrive in or around 2018. You can watch the speech in the video above. The electrification roadmap starts at around minute 32. The only other traditional automaker that is willing to put a big number on its upcoming electric vehicle sales is Audi, which said at the LA Auto Show last year that between 20 and 25 percent of its new vehicles sold will have a plug by 2025. If Audi wants to catch Honda's aggressive claims, it'll need to work hard in the five years after 2025. Related Video: