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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

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Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

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Japanese auto makers recall millions for airbag defects

HONG KONG (CNNMoney) -- Japanese automakers Honda, Nissan, Toyota and Mazda are recalling about 3.4 million cars due to airbag defects.

Toyota said it was recalling 1.7 million cars from around the world, including some popular Corolla, Matrix and Camry models. Nissan recalled about 480,000 cars, while Mazda added another 45,000.

Honda, which is recalling more than 1.1 million autos, said the recall was necessary to replace passenger front airbag inflators.

"It is possible that the passenger front airbag inflators in affected vehicles may deploy with too much pressure, which may cause the inflator casing to rupture and could result in injury," the company said in a statement.

Most of the recalled cars appeared to be from the 2001, 2002 and 2003 model years.

Honda said it was aware of one crash in which a passenger front airbag casing had ruptured after being deployed with too much pressure. The automaker said it was not aware of any injuries or deaths that may have resulted from the defect.

Honda has had previous recalls, beginning in 2008, for the same problem in driver's side airbags.

Toyota said it had reports of five airbag malfunctions, but no injuries.

Toyota spokeswoman Shino Yamada said the airbags in question were manufactured by Takata Corp., a Japan-based supplier.

Takata shares declined sharply after the recall was issued, at one point falling more than 15% before recovering to close down 9%.

In the United States, the Honda vehicles involved in the recall include 2001 to 2003 Civics and CR-Vs and 2002 Odyssey minivans. Nissan is recalling 2001 to 2003 Maximas, Pathfinders, Sentras, Infiniti I35s and Infiniti QX4s in the U.S., while Mazda is recalling 147 2003 and 2004 Mazda6 sedans and two 2004 Mazda RX-8s. Toyota is recalling some 2001 to 2003 Corollas, Matrixes, Tundra pickups and Lexus CS430s.

Manufacturers will identify the specific cars involved and will notify owners.

General Motors and BMW also used the same airbag inflators in some of their cars, according to a document Takata sent to the National Highway Traffic Safety Administration. GM and BMW did not immediately respond to requests for comment.

The recall, while large, is not without precedent. The United States alone has had 13 recalls of more than three million units, according to a list maintained by the D.C.-based Center for Auto Safety.

For Toyota, the recall is another blow to its carefully cultivated reputation for quality.

The company announced in October a recall of 7.43 million cars due to a power window problem that posed a fire risk.

Toyota's largest recall came in 2009 and 2010, when more than 8 million units were brought in for a potential problem involving sticky accelerator pedals. In that case, dealers were told to suspend sales of eight models, and production of those models stopped temporarily.

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