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BRIEF-Honda exec: sees quality costs rising to 1.9 pct of revenue this FY
November 4, 2015 / 7:13 AM / in 2 years

BRIEF-Honda exec: sees quality costs rising to 1.9 pct of revenue this FY

Nov 4 (Reuters) - Honda Motor Co Executive Vice President Tetsuo Iwamura says:

- Expects to spend 1.9 pct of revenue on quality-related issues this FY vs previously forecast 1.7 pct

- Will discuss responsibility, payment with Takata Corp after determining reason for air bag defect

- Sees total U.S. auto market exceeding 17 million in 2016, 2017

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