Honda Points Finger At Takata As It Cuts Profit Forecast

Honda Motor Co. sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty airbags made by Takata Corp.

Honda now expects an operating profit of 720 billion yen ($6.1 billion) for the year to March 31. It previously forecast 770 billion yen, but has set aside an extra 50 billion yen to cover what it said were quality-related costs including the Takata airbag recalls.

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MDarringer - 1/30/2015 7:37:33 PM

-5 Boost

The ugly Acuras and the Hondas with money on the hood to sell obviously are not the culprit.