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Honda profit targets tumble in wake of Takata scandal

Takata's massive airbag inflator recall will likely do some damage to Honda's bottom line this year, according to the Japanese automaker's latest forecasts. The company will allocate 50 billion yen ($425 million) to fulfill costs related to the safety campaigns, Reuters indicates. The decision will reduce estimated operating profit by about 6.5 percent to 720 billion yen ($6.1 billion US) for the fiscal year ending March 31. In addition to lower profits, Honda also cut back its sales estimate for the year to 4.45 million vehicles from the previous 4.62 million, according to Reuters. This was largely due to lower-than-expected demand in Japan. "We are not seeing a big impact on sales in North America from the airbag issue," company vice president Tetsuo Iwamura (pictured above) told Reuters. The decreased forecasts come at the same time as the possibility of another death in a Honda vehicle from the Takata parts. According to Automotive News, a man in Florida died in a crash in his 2002 Accord, but investigators have not yet determined whether the inflator was the cause. However, the vehicle was included in a 2011 recall for the part and was not repaired. The family intends to file a lawsuit alleging the inflator ruptured, spraying metal shrapnel into the driver's neck. Reportedly, the owner was never notified of the recall. While the Takata inflator recall is affecting many companies with alleged links to at least five deaths and 139 injuries worldwide, Honda has it among the worst. Including vehicles covered under the previous regional repair campaign for the issue, the automaker needs to repair roughly 5.4 million vehicles just in the US. Honda has taken action by employing suppliers other than Takata to supply some of its replacement parts for the recall. The business is also reportedly switching airbag suppliers for the next-gen Accord and possibly the 2016 CR-V and Odyssey.

Autoblog Minute: 2015 SEMA Show recap

We take a trip to Las Vegas for a recap of the 2015 SEMA show, the trade show for automotive aftermarket professionals and enthusiasts. Autoblog's Eddie Sabatini reports on this edition of Autoblog Minute. Featuring commentary from Senior Editor Greg Migliore. Additionally, we've got our full roundup of SEMA Show coverage, below. Have a look through our collection of posts, and scroll down for the full Autoblog Minute transcript. Show full video transcript text [00:00:00] We take a trip to Las Vegas for a preview of SEMA, the trade show for automotive aftermarket professionals and enthusiasts. I'm Eddie Sabatini and this is your Autoblog Minute. Mazda, Ford, Chevy, Mopar, Roush, and Galpin are just a few of the industry names on hand at this premier tuner show. For a closer look at this year's action we go to Autoblog Senior editor, Greg Migliore: [00:00:30] - [00:01:00] [Greg Migliore Interview] For our full coverage of the 2015 SEMA Show head to Autoblog.com/sema. [00:01:30] For Autoblog I'm Eddie Sabatini. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. SEMA Show Chevrolet Ford Honda Concept Cars Autoblog Minute Videos Original Video SEMA 2015

Honda's latest fuel pump recall covers 761,000 vehicles worldwide

Honda will recall around 761,000 vehicles worldwide to replace fuel pumps that could fail and lead to stalling engines. This recall, which is described in the National Highway Safety Administration campaign number 21V215000, isn't the Japanese automaker's first recall for bad fuel pumps. It includes 628,000 vehicles sold in the United States. Honda isn't aware of any crashes or injuries related to the issue. This most recent recall includes models from both Acura and Honda, some from 2019 only and others stretching into the 2020 model year. From Acura, some ILX, MDX, MDX Sport Hybrid, RDX and TLX models are included. From Honda, the recall covers certain Accord (including the Hybrid), Civic (Coupe, Sedan and Hatchback and including the Si and Type R), Fit, HR-V, Odyssey, Passport, Pilot and Ridgeline. Finally, some Honda CR-V models from 2018 and 2019 are also included. Less than a year ago, Honda issued a recall over the fuel pumps of 136,057 vehicles in the U.S., some of which seem to overlap with this latest recall. Back in 2019, two separate recalls covered well over half a million vehicles for other fuel pump-related maladies, though it's not clear if any or all of these issues are related. With so many recalls over fuel pumps, it would be a good idea for owners of 2018-2020 Honda vehicles to enter their VIN numbers at either Honda's dedicated recall website or use the various tools provided by NHTSA. Related video: Featured Gallery 2019 Honda Pilot View 37 Photos Green Recalls Acura Honda