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Honda profit targets tumble in wake of Takata scandal

Takata's massive airbag inflator recall will likely do some damage to Honda's bottom line this year, according to the Japanese automaker's latest forecasts. The company will allocate 50 billion yen ($425 million) to fulfill costs related to the safety campaigns, Reuters indicates. The decision will reduce estimated operating profit by about 6.5 percent to 720 billion yen ($6.1 billion US) for the fiscal year ending March 31. In addition to lower profits, Honda also cut back its sales estimate for the year to 4.45 million vehicles from the previous 4.62 million, according to Reuters. This was largely due to lower-than-expected demand in Japan. "We are not seeing a big impact on sales in North America from the airbag issue," company vice president Tetsuo Iwamura (pictured above) told Reuters. The decreased forecasts come at the same time as the possibility of another death in a Honda vehicle from the Takata parts. According to Automotive News, a man in Florida died in a crash in his 2002 Accord, but investigators have not yet determined whether the inflator was the cause. However, the vehicle was included in a 2011 recall for the part and was not repaired. The family intends to file a lawsuit alleging the inflator ruptured, spraying metal shrapnel into the driver's neck. Reportedly, the owner was never notified of the recall. While the Takata inflator recall is affecting many companies with alleged links to at least five deaths and 139 injuries worldwide, Honda has it among the worst. Including vehicles covered under the previous regional repair campaign for the issue, the automaker needs to repair roughly 5.4 million vehicles just in the US. Honda has taken action by employing suppliers other than Takata to supply some of its replacement parts for the recall. The business is also reportedly switching airbag suppliers for the next-gen Accord and possibly the 2016 CR-V and Odyssey.

Submit your questions for Autoblog Podcast #317 LIVE!

We record Autoblog Podcast #317 tonight, and you can drop us your questions and comments regarding the rest of the week's news via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #317
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2014 Honda Odyssey gets some tidy tweaks [w/video]

Here in New York, Honda is offering up a refreshed version of its well-liked Odyssey minivan, bringing with it a slew of updates including the segment's first in-car vacuum. It looks to be a neat little feature, one that families will no doubt get a lot of use out of. Kids are spill-machines, after all.
On the outside, the Odyssey gets a revised front end with dark headlamp surrounds, shiny cross-bars in the grille, and an aluminum hood and bumper. We think the blacked-out grille trim looks fine on this charcoal model, but question how smart it will look on models with lighter paint tones. Out back, there are new LED taillamps, and it looks like a new wheel design will be on offer, too.
Other changes for the 2014 Odyssey include some structural reinforcements for improved safety and some new available nannies like lane-departure warning and forward collision warning. Inside, buyers will find new finishes inside the cabin, a redesigned center stack and pushbutton start. Scroll down for the full details in an official video and in Honda's press release, and have a look at new images live from the show floor in the gallery above.