Wednesday, 7 September 2011
Honda to Recall 962,000 Cars
Posted on 02:06 by Maria Scott
TOKYO—Honda Motor Co. said it would voluntarily recall 962,000 cars world-wide to repair problems with power windows and computer equipment.
The car maker said no serious injuries or fatal accidents have been reported as a result of the problems. The company estimated it would spend ¥1.29 billion ($16.8 million) in Japan for the recall. Honda declined to elaborate on the costs for overseas recalls.
The announcement came hard on the heels of another large recall and adds to Honda's headaches as it seeks to join Japanese rivals in bouncing back from production disruption in the aftermath of the March 11 earthquake and tsunami. Japan's auto makers must also cope with the yen riding near record highs against the dollar and other major currencies, making their exports more expensive and less competitive.
Honda, Japan's third-biggest car maker by volume, recalled more than 2.3 million vehicles in early August, citing problems with automatic transmissions.
Honda on Monday said it will recall 936,000 Fit compacts, CR-V and City models in Japan, China, the U.S., Europe and elsewhere because of defective power-window switches.
A Honda spokeswoman said there were nine reported cases of vehicles catching on fire in Japan and China because of the power-window problem. She also said two people reported light burns after touching overheated switches.
The car maker also will recall 26,000 CR-Z hybrid models in Japan, the U.S., Canada and other markets because of defective programming of electronic-control units.
Honda shares closed 4.7% lower on Monday.
Source: http://online.wsj.com/article/SB10001424053111904537404576551890942734716.html
The car maker said no serious injuries or fatal accidents have been reported as a result of the problems. The company estimated it would spend ¥1.29 billion ($16.8 million) in Japan for the recall. Honda declined to elaborate on the costs for overseas recalls.
The announcement came hard on the heels of another large recall and adds to Honda's headaches as it seeks to join Japanese rivals in bouncing back from production disruption in the aftermath of the March 11 earthquake and tsunami. Japan's auto makers must also cope with the yen riding near record highs against the dollar and other major currencies, making their exports more expensive and less competitive.
Honda, Japan's third-biggest car maker by volume, recalled more than 2.3 million vehicles in early August, citing problems with automatic transmissions.
Honda on Monday said it will recall 936,000 Fit compacts, CR-V and City models in Japan, China, the U.S., Europe and elsewhere because of defective power-window switches.
A Honda spokeswoman said there were nine reported cases of vehicles catching on fire in Japan and China because of the power-window problem. She also said two people reported light burns after touching overheated switches.
The car maker also will recall 26,000 CR-Z hybrid models in Japan, the U.S., Canada and other markets because of defective programming of electronic-control units.
Honda shares closed 4.7% lower on Monday.
Source: http://online.wsj.com/article/SB10001424053111904537404576551890942734716.html
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