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Honda charged another $363 million over Takata airbags

The Takata airbag recall is growing increasingly expensive for Honda. In the latest hit to the automaker's bottom line, the company is revising the expected costs of its global safety campaigns by an additional 44.8 billion yen ($363 million) after the massive expansion in May. Months ago, Honda announced that it had set aside 50 billion yen ($425 million at the time) to meet the predicted expenses. According to Automotive News, due to the rather arcane laws of accounting, these new costs will actually be applied to the fiscal year that ended on March 31, rather than the current one. Honda's revised earnings will be announced in late June. The company previously reported an operating profit of 651.7 billion yen ($5.3 billion), which was down 13 percent from the previous year. There has been no change to planned dividends for investors. In the US, Honda and Acura have a total of about 6.28 million vehicles in need of a replacement airbag inflator, and the automaker says about two million of those are already repaired. In addition to the Takata campaign, the company has faced other financial setbacks during this calendar year. For example, in early January, it received a $70 million fine from the National Highway Traffic Safety Administration for failing to report 1,729 cases of injuries or deaths over 11 years. As part of a strategy to improve quality globally, Honda cut back its global sales forecasts for the coming year, and it also decided not to make any volume predictions through 2017. To: Shareholders of Honda Motor Co., Ltd. From: Honda Motor Co., Ltd. 1-1, Minami-Aoyama 2-chome, Minato-ku, 107-8556 Tokyo Takanobu Ito President and Representative Director Notice of Events after the Reporting Period Regarding Product Warranty Expenses Honda Motor Co., Ltd. (the "Company") and its consolidated subsidiaries have been conducting market-based measures in relation to airbag inflators, such as product recalls and a Safety Improvement Campaign. Due to factors arising since May 2015 such as an expansion of the scope of these market-based measures based on an agreement between our supplier and the U.S. National Highway Traffic Safety Administration, a change has arisen in the estimate relating to product warranty expenses. The amount of product warranty expenses now expected to be incurred is 44,800 million yen.

Honda tunes HR-V, shows Baja Pilot pre-runner at SEMA

Honda has a lot more at the SEMA Show than just it's tough looking, Baja-prepped Ridgeline, but the automaker isn't really saying a whole lot about them. Even though the company has a massive gallery of photos showing off these aftermarket creations, Honda has kept details about their mods quite sparse. While the Ridgeline Baja Race Truck guns for the checkered flag, the Pilot Baja Chase Vehicle is going along for the ride in case any assistance is necessary. The crossover wears a similar Honda Racing livery as its turbocharged sibling, and the company outfits the machine with an LED bar, bumper guards, and off-road tires to get through the desert. Honda also wants buyers to know that there's tuning potential from their new HR-V. To show what's possible from the little crossover, tuners like Bisimoto Engineering, MAD Industries, Tjin Edition and Fox Marketing have some wild creations on display. The weirdest of the bunch definitely is the bizarre pink example above. The little CUV tries to look tough with a wide-body kit, new front bumper, big side sills, and a lowered suspension over metallic gold wheels. Other takes on the model make it ready for the track or to haul Honda's Grom motorcycle. Finally, the 2016 Pilot Elite Concept "Black Edition" wears production and concept components from Honda Genuine Accessories. Darkened parts for the wheels, grille, and trim give the crossover a handsome, monochromatic aesthetic. You can check out the whole SEMA cavalcade in the gallery above. Vehicles on Display in the Honda Booth at the 2015 SEMA Show Nov 3, 2015 - LAS VEGAS In additional to the Ridgeline Baja Race Truck announced today, Honda also showcased accessorized and customized versions of multiple new Honda models, including: Pilot Baja Chase Vehicle – a specially tuned 2016 Honda Pilot, in desert racing livery, which will operate as a support vehicle in Honda's SCORE Baja 1000 campaign. Pioneer 1000 – Honda's newest and most powerful side-by-side offering, also in custom desert raving livery, will accompany the Pilot Baja Chase Vehicle on the Baja peninsula to assist in the racing effort. 2016 Honda CR-Z hybrid sports coupe – making its North American debut and boasting new styling, upgraded equipment and features and a new EX-L Navi trim. 2016 Honda HR-V -- four custom-designed HR-Vs from top U.S.

Honda sketches boxy crossover concept for Shanghai

In America we may be gearing up for the New York Auto Show, but elsewhere in the world there are other shows on the horizon. Like the Shanghai Motor Show, which will kick off later in April. That's where Honda plans to unveil a new crossover concept. The Japanese automaker isn't saying much about what's new with this concept, except to say that it's been designed specifically for the Chinese market. From this teaser image we can already see that the concept looks decidedly more straight-edged and boxy than the Pilot and CR-V we get over here, striking a form that almost begins to resemble a Kia Soul, but not so much that we'd characterize it at this early stage as a potential successor to the Element. We'll just have to sit tight to find out more, but with the doors in Shanghai set to open to the press on April 20, it won't be too long now. Honda to Exhibit World Premiere of All-new Concept Model at the Auto Shanghai 2015 - Overview of Honda Exhibit - BEIJING, China, March 31, 2015 – Honda Motor (China) Investment Co., Ltd., a wholly-owned Honda subsidiary in China, today announced plans to exhibit the world premiere of an all-new concept model as well as other all-new Honda models at Auto Shanghai 2015 (The 16th International Automobile & Manufacturing Technology Exhibition, press days: April 20-21, 2015, public days: April 22-29, 2015). ?Overview of Honda exhibit Jointly with Guangqi Honda Automobile Co., Ltd. and Dongfeng Honda Automobile Co., Ltd., Honda will exhibit the world premiere of a concept model for a new SUV exclusively developed for the Chinese market. Other models on display will include the all-new City, which underwent a full model change, and the new CR-V equipped with a completely new powertrain. ?A new SUV concept model (world premiere) Design sketch Design sketch ?City (China premiere) ?CR-V (China premiere) ?F1 machine - McLaren-Honda MP4-30 ?GL1800C, NC750S ?Accord Hybrid (the U.S. model) ?Odyssey special-needs vehicle (equipped with side lift-up sheet)