TOKYO - Honda Motor said on Wednesday it aims to sell at least 632,200 vehicles in China this year, up 10 percent from 2009, though the pace of growth will likely slow compared with a surge last year due to government incentives.
Yoichi Hojo, chief financial officer of Japan's No.2 carmaker, also told Reuters in an interview that the recall of 437,763 vehicles, including the Accord and Civic sedans, globally will likely cost it an estimated 20 billion yen to 30 billion yen ($223 million to $335 million).
Earlier on Wednesday, Honda announced the recall plan due to defective airbags. The airbags are made by Japanese car parts maker Takata Corp in North America.
(Reporting by Yumiko Nishitani and Yoshifumi Takemoto)