Ito: Honda Won't Help Takata Sort Its Affairs
Should the day come when Takata asks for financial assistance to remain afloat after its troubles have passed, Honda may not be there to lead the rescue.
The Wall Street Journal reports Honda CEO Takanobu Ito stated as much during an autonomous vehicle demo in Asahikawa, Japan, dismissing rumors that the automaker planned to lead a bailout of the supplier:
Takata itself needs to figure out how to fulfill its duties, but if it makes any request to auto makers, then we would think about that.
Ito also warned that many of Takata’s clients would be in trouble if it was unable to supply the needed replacements for the defective airbag modules linked to the ongoing recall of 25 million affected vehicles around the world; Honda’s own vehicles account for half of the overall total.
For its part, Honda has begun working with rival suppliers Daicel and Autoliv to quickly replace the defective parts, as well as investigate what factors lead to the catastrophic failure of current units, and implementing recalls as needed.
Join the conversation