Honda Skids Into the Red as Air-Bag Recall Takes Toll – Wall Street Journal

TOKYO—Honda Motor Co. swung to a loss in its latest quarter because of ballooning costs tied to recalls of Takata air bags, a problem dragging on auto-making profits world-wide.

Honda has been the hardest hit among car makers, but an executive said Friday that the company sees light at the end of the tunnel because it has set aside enough cash to cover replacements for air-bag inflaters tagged for recall over the next several…

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