Honda recalls 5 million more cars as airbag issues spread

Posted at 5:20 AM, May 14, 2015
and last updated 2015-05-14 05:20:15-04

HONG KONG (CNNMoney) — Honda has recalled an additional 4.89 million cars equipped with possibly faulty airbags manufactured by Japan-based Takata.

The recall covers 14 models produced between 2002 and 2008, a Honda spokesperson said. More than 3 million of the cars are located outside of Japan.

Honda’s recall comes one day after its Japanese counterparts Toyota and Nissan recalled 6.56 million cars of their own.

Tens of millions of cars equipped with Takata airbags have been recalled by automakers recently over fears the airbags may explode and send shrapnel flying at drivers and passengers. Honda has now issued more than 10 separate recalls over the issue.

Engineers at Takata, one of the world’s largest airbag makers, first noticed problems with the chemical mix used in its airbags more than a decade ago. At least five deaths have since been linked to the company’s malfunctioning airbags.

Takata shares declined by 5.4% in Tokyo trading on Thursday.

Toyota said the decision to expand its recall was made after investigators uncovered moisture problems that could make airbags “susceptible to abnormal deployment in a crash.”

“Among the parts collected from the Japanese market, certain types of airbag inflators were found to have a potential for moisture intrusion over time,” the company said.