Honda to Stop Using Takata Inflaters in New Models
November 03 2015 - 9:10PM
Dow Jones News
TOKYO—Honda Motor Co. won't use any air-bag inflaters made by
Takata Corp. for the driver or front passenger side in new Honda
and Acura vehicles being developed for any markets world-wide, the
auto maker said.
Honda, Takata's biggest customer, also said in a statement
Tuesday that it became aware of evidence suggesting Takata
misrepresented and manipulated test data for certain types of
inflaters.
The statement came as U.S. auto-safety regulators hit Takata
with a $70 million fine for lapses with rupture-prone air bags, and
ordered the company eventually to stop using a controversial
propellant in the safety devices.
Takata's chief executive Shigehisa Takada is set to hold a news
conference in Tokyo on Wednesday at 11 a.m. (0200 GMT).
Honda will announce second-quarter results later Wednesday, with
executives to brief the media.
Takata shares were down nearly 5% in early trade Wednesday.
Write to Yoko Kubota at yoko.kubota@wsj.com
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(END) Dow Jones Newswires
November 03, 2015 20:55 ET (01:55 GMT)
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