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Beleaguered Takata unlikely to seek automaker assistance
Sun, Feb 22 2015Takata is continuing to deal with the massive airbag recall for millions of vehicles, but even if it doubles production, it could take years the company to build enough replacement parts to properly repair all of the affected models. If the supplier takes a hard enough financial hit whether through fines, lawsuits or just the cost of making the components, then the business might not be able to keep up production. Such a situation could put automakers in the very difficult predicament of deciding whether to provide Takata with financial assistance. Honda for one has little interest in lending further support to the beleaguered supplier, according to The Wall Street Journal. The Japanese automaker recently dropped its annual sales targets to put a larger emphasis on vehicle quality, partially in response to the inflator recall. It also struck a deal with another company for replacement parts and was rumored to abandon Takata for some future business. Honda CEO Takanobu Ito did leave the door barely cracked for possible aid. "Takata itself needs to figure out how to fulfill its duties, but if it makes any request to automakers, then we would think about that," he said, according to The Wall Street Journal. There isn't much likelihood of Takata needing a bailout, though. According to The Wall Street Journal, analysts aren't concerned about the company's short-term fortunes, and the supplier had about $728 million in cash as of last September. News Source: The Wall Street Journal - sub. req.Image Credit: Toru Yamanaka / AFP / Getty Images Earnings/Financials Recalls Honda Safety Takata airbag recall
Honda getting in on the Daytona Prototype racing action
Fri, 14 Mar 2014Racing fans at Sebring are plenty used to seeing Honda powering into the winner's circle, the Japanese motor company having claimed class victories at the endurance race in Florida in 2007, 2009, 2011, 2012 and 2013. Those were all in the LMP2 category, but with the Twelve Hours of Sebring now part of the combined United SportsCar Championship, Honda is branching out into another class: Daytona Prototypes.
The purpose-built racing machinery that were once part of the Grand-Am series are now racing alongside the LMP2 prototypes from the American Le Mans Series under the united championship. So far Ford and Chevy have signed on to power the Daytona Prototypes, and now Honda's joining their ranks as the only manufacturer to field entries in both categories of the championship's Prototype class.
The competition-spec 3.5-liter twin-turbo V6 revealed last month is based on the same J35 engine that powers everything from the Honda Accord to the Acura RLX and MDX. Now it will power the Riley chassis fielded by Starworks Motorsports, competing alongside the pair of Honda Performance Development (HPD) ARX-03b chassis which Extreme Speed Motorsports will campaign under LMP2 regulations, giving Honda a two-pronged, three-car assault on the top class of the new American sports car racing series.
2017 Honda Civic Type R mule sports sweet exhaust
Fri, Sep 4 2015The 2016 Honda Civic might be one the most-spied cars in recent memory, but the wait to actually see the new model is just a few days away on Sept. 16. That big reveal is only for the sedan, but these fresh shots show a sporty variant of the five-door that our spies speculate could preview bits of the next-gen Civic Type R. These photos seem to show the same variant recently spotted in Spain, but there are some notable differences and better angles here. Up front, the styling still shows the same Acura-like design as the patent drawings, but these images make it much easier to spot the narrow mesh in the grilles of the lower air dam. The major change along the side is the new set of big, black wheels with low-profile tires, and this setup fits the style much better than the earlier car. Plus, you can easily spot larger front brake discs and a Brembo logo on the caliper this time. Thankfully, these photos provide a much better look at the earlier example's weird, center-mounted exhaust layout, too. It appears that the larger pipes on the outside each have their own muffler, but there doesn't appear to be one for the smaller outlet in the middle. There's still the possibility this could be a way of testing the single-exit design from the 2016 Civic concept. We know the next-gen Civic will be offered as a sedan, coupe, and five-door. Plus, Si and Type R trims will eventually join the lineup. At the current rate of spy shots, we'll see them all well before their respective reveals. Related Video: