TOKYO (AP) — Honda's president is sticking to its stance that the Japanese automaker plans no independent financial bailout for supplier Takata, which is embroiled in a massive recall crisis over air-bag inflators that may explode.
Takahiro Hachigo, Honda Motor Co. president and chief executive, told reporters Wednesday it plans no rescue for Takata Corp., and finding the cause of the problem is the priority. Takata is recalling 50 million air-bag inflators globally.
Although Honda is Takata's biggest customer, the recall involves many other automakers.
Hachigo had to more to say about Honda's environmental strategy.
He said two-thirds of Honda's sales will be zero-emissions, including fuel cells and electric vehicles, hybrids and plug-ins by 2030.
Japanese rival Toyota Motor Corp. says almost all its sales will be hybrids and fuel cells by 2050.