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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.

CES 2018 brings a buffet of automotive tech — here's a taste

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Honda S660 Kei car makes you want to jump in and drive

We want the Honda S660. In fact, after seeing the freshly debuted production model, it's fair to say the kei roadster has already leapt to the very tip-top of our forbidden fruit list. Considering our newfound love for the tiny two-seater, you, dear reader, are going to have to put up with a lot of S660 content in the coming weeks. First up, we have what's called nori-setsu, or "riding instructions." Honda recruited a pair of gymnasts, who use their talents to slide, creatively, into a mockup of the S660. While the acrobats make it look easy, we imagine the amount of space in the S660 makes slotting into the driver's seat off a pommel horse is somewhat dangerous, hence the padding and mocked-up roadster. Fortunately, when an actual S660 is brought out to play, the gymnast finds a more conventional means of getting behind the wheel. Check out the video.