Home Business Takata Airbag: Honda to Recall Additional 20 Million Faulty Airbags

Takata Airbag: Honda to Recall Additional 20 Million Faulty Airbags


Shares in Japanese airbag maker Takata fell as much as 3.5% in morning trade before recovering, as media reports suggested more recalls over faulty airbags supplied by the company.

An additional 20 million Takata airbags would be recalled by car maker Honda, Nikkei newspaper reported on May 8.

Honda shares rose 1.6% in Tokyo, while Takata shares closed 0.3% down.Takata airbag recall 2015

Meanwhile Nikkei 225 index rose by 0.7% to close at 16,216.03, following last week’s gains in the US.

In China, shares fell in response to the disappointing trade data released on May 8, which showed that both exports and imports fell more than expected in April.

The mainland benchmark Shanghai Composite fell 2.8% to close at 2,832.11 points while Hong Kong’s Hang Seng fared better. That market index closed up 0.2% at 20,156.81.

In South Korea, the Kospi index fell 0.5% to close at a one-month low, at 1,967.81 points.

Australia’s benchmark ASX/200 rose 0.5%, closing at 5,320.70.

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.