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Honda further expands Takata recall to 340k vehicles in Japan

Just days ago, Honda announced it would expand its global Takata airbag inflator recall by 4.89 million vehicles globally, though none of those were in the US. Now, the automaker has broadened the safety campaign in Japan by 340,000 units. The company's Japanese expansion includes 80,000 vehicles to replace their driver's side inflators. According to Reuters, these cars were covered under an earlier recall but weren't yet repaired. There are also 260,000 additional automobiles in the country in need of passenger side replacements. A broadened campaign is also coming for the US, but its extent isn't known yet. According to Reuters, Honda submitted the necessary documents to regulators on May 27. However, the automaker has decided to wait for National Highway Traffic Safety Administration to make the official announcement. Takata's exploding inflators are linked to six deaths and many injuries. Research indicates that exposure to moisture causes the part's propellant to ignite too quickly when the airbag is activated and can cause these ruptures. In testing on components taken from recalled vehicles, Takata found hundreds of cases of them bursting. Related Video: News Source: ReutersImage Credit: Tomohiro Ohsumi / Bloomberg via Getty Images Recalls Honda Safety Takata airbag recall

Honda reports $1.9 billion profit in first quarter despite sales lag at home

Ford, General Motors and Chrysler have been living in a world of sunshine and buttercups after their April-through-June financials hit the newswire, and Toyota is doing pretty good as well. Honda? Not so much.
While Japan's third-largest manufacturer saw $1.9 billion in profits, the 5.1-percent jump was lower than expected thanks to a drop in its home-market sales. US sales also took a sting, as Honda hasn't been able to match the SUV and truck demand that are currently permeating the American market, despite an uptick in Accord sales.
Honda's initial forecasts targeted a take of 209.3 billion yen ($2.1 billion at today's rates), and while a $200 million shortfall is nothing to sniff at, we'd hardly take this as Honda being in trouble. And even with the dip, Honda hasn't adjusted its forecast for the fiscal year, which remains at 780 billion yen ($7.9 billion).

Honda invests $470 million for new transmission plant in Mexico

Honda has announced that it has made an initial investment of $470 million to build a brand new transmission plant in Ceyala, Mexico. For those keeping track, this is the same city that will also house Honda's new automobile manufacturing facility, which will begin production of the Fit compact beginning in the spring of 2014.
This new transmission plant is expected to come online in the second half of 2015, with an annual production capacity of 350,000 units, though that number is expected to double in the years following the plant's opening. With a 700,000-unit production capacity, Honda says a full 1,500 new associates will be hired at the Mexican plant.
Honda will specifically use this new transmission plant for the production of CVTs for automobiles built in Mexico, as well as for cars produced in facilities around the world. It stands to reason, then, that since the next-generation Honda Fit will be built right around the corner from these new CVTs, the small hatchback - which is expected to grow into a full family of vehicles - could be fitted with continuously variable units in the future.