Nissan, Honda Recall Almost 3 Million Cars Over Air Bags – Bloomberg

Posted: Monday, June 23, 2014

Honda Motor Co. (7267) and Nissan Motor Co. (7201)
recalled almost 3 million vehicles to repair flaws in Takata
Corp. (7312)
air bags, adding to a call back by Toyota Motor Corp. (7203)
earlier this month.

Honda’s announcement covers 2.03 million vehicles,
including the Fit compact and CR-V sport utility vehicle,
according to Akemi Ando, a spokeswoman for the Tokyo-based
carmaker. About 755,000 of Nissan’s cars need to be fixed
worldwide, said Chris Keeffe, a spokesman for the automaker.

Japan’s three biggest carmakers have called back more
than 5 million vehicles this month because of air bags. The
announcements come as scrutiny of potential safety flaws
rises in the auto industry, with General Motors Co. (GM) facing
investigations for taking years to recall millions of vehicles
for faulty ignition switches.

“We expected there would be more recalls of this size from
other carmakers,” Koji Endo, an analyst at Advanced Research
Japan, said by phone.

The air-bag flaws were related to inadequate pressure and
excess moisture during their production, Ando told reporters
today in Tokyo.

Takata rose 2.9 percent to 2,111 yen as of the close of
trading in Tokyo, paring this year’s decline to 30 percent. The
benchmark Topix index has dropped 2.7 percent this year.




Photographer: Koichi Kamoshida/Bloomberg

A screen displays a video on air bag safety on Toyota Motor Corp. vehicles at the company’s showroom in Tokyo, Japan. Close

A screen displays a video on air bag safety on Toyota Motor Corp. vehicles at the… Read More

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Photographer: Koichi Kamoshida/Bloomberg

A screen displays a video on air bag safety on Toyota Motor Corp. vehicles at the company’s showroom in Tokyo, Japan.

Other Recalls

Carmakers called back more than 3 million vehicles,
including 1.73 million for Toyota and 1.14 million for Honda, in
April last year because of defective air bag inflators supplied
by Tokyo-based Takata.

Honda, the biggest customer of Takata, has called back a
total of 6 million vehicles for problems with Takata air bags in
nine recalls since 2008, based on figures from the carmaker. Two
people died in 2009 in accidents related to the defect, Ando
said.

Toyota this month said 2.27 million of its cars worldwide
are affected by the recall. A recall last year didn’t include
all vehicles affected by the defective air bag inflators, Toyota
has said.

Mazda Motor Corp. recalled 159,807 vehicles, Takashi Goto,
a spokesman for the carmaker, said by phone today.

“We apologize for the trouble caused to our clients,”
said Kikko Takai, a Takata spokeswoman. “We take it seriously
and will strengthen our quality control to prevent a repeat of
the issue.”

At GM, the biggest U.S. automaker, Chief Executive Officer
Mary Barra has been coping with a recall crisis throughout 2014.
Last week, she was grilled for almost three hours by a House
subcommittee on the slow recall of faulty ignition switches and
whether GM’s culture can change.

(An earlier version of this story was corrected to fix the
share price.)

To contact the reporters on this story:
Ma Jie in Tokyo at
jma124@bloomberg.net;
Masatsugu Horie in Osaka at
mhorie3@bloomberg.net

To contact the editors responsible for this story:
Young-Sam Cho at
ycho2@bloomberg.net
Dave McCombs, Chua Kong Ho

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