Honda says expanded air bag recalls to cost $360 million, no change in guidance

Honda Motor Co said on Friday it expects to spend 44.8 billion yen ($363 million) in quality-related costs to pay for the recall of cars fitted with air bag parts made by Takata Corp (7312.T) after the supplier agreed to an expanded recall in the United States. A spokeswoman at Honda declined to disclose the number of vehicles involved for the estimated recall cost. Takata, at the center of the recall of millions of vehicles equipped with potentially deadly air bag inflators, agreed with U.S. auto safety regulators last month to declare more inflators faulty, prompting automakers to issue additional recalls.

Honda says expanded air bag recalls to cost $360 million, no change in guidance source: http://finance.yahoo.com/news/honda-says-expanded-air-bag-062132728.html