Honda Posts Quarterly Loss as Air-Bag Recall Costs Surge – Wall Street Journal

Posted: Friday, May 13, 2016

TOKYO—Honda Motor Co. swung to a quarterly loss as ballooning costs related to recalls of Takata Corp.-made air bags outweighed strong vehicle sales in the U.S. and China.

The company posted a January-March net loss of ¥93.4 billion ($856 million), compared with a net profit of ¥81.9 billion in the same period a year ago.

For the current…

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