Honda's president is sticking to its stance that the Japanese automaker plans no independent financial bailout for supplier Takata, which is embroiled in a massive recall crisis over air-bag inflators that may explode.
Takahiro Hachigo, Honda Motor Co. president and chief executive, told reporters that it plans no rescue for Takata Corp., and its priority is finding the cause of the problem. Although Honda is Takata's biggest customer, the recall involves many other automakers.
Takata is recalling 50 million air-bag inflators globally, which may cause air bags to inflate with too much force and hurl shrapnel at drivers and passengers. Takata air bags have caused at least 10 deaths and 139 injuries worldwide. Hachigo had more to say about Honda's environmental strategy. He said two-thirds of Honda's sales will be zero-emissions, including fuel cells and electric vehicles, hybrids and plug-ins by 2030.