Honda Recalls 250K Vehicles for Braking Defect

by Christopher Freeburn | March 14, 2013 10:02 am

Honda Recalls 250K Vehicles for Braking Defect

Honda 3 300x200 Honda Recalls 250K Vehicles for Braking Defect[1]Problems with brake systems in its popular Acura, Pilot, Odyssey, Legend and Elysion models, has led Honda (NYSE:HMC[2]) to recall hundreds of thousands of cars sold around the world[3].

The Japanese auto giant is recalling 183,000 vehicles sold in the U.S., 56,000 more sold in Japan, 8,000 cars sold in Australia, and 1,370 sold in Australia, Mexico and Germany. A malfunction in the brake system wiring can cause the cars to brake without drivers stepping on the brake pedal, the Associated Press noted.

Honda has received seventeen reports of the braking issue from Japan. One U.S. driver has also reported experiencing the problem.

In December, Honda recalled more than 870,000 minivans and SUVs[4] over an ignition problem that permitted drivers to withdraw the key without the vehicles being set in park, leading some vehicles to roll away.

That followed the huge recall of 600,000 Accords and Acuras over defective power steering hoses earlier this year. In October, the company admitted that repairs to those vehicles had been delayed by low inventory of the replacement hoses.[5]

Shares of Honda slipped slightly in Thursday morning trading.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/05/Honda-3.jpg
  2. HMC: http://studio-5.financialcontent.com/investplace/quote?Symbol=HMC
  3. hundreds of thousands of cars sold around the world: http://hosted.ap.org/dynamic/stories/A/AS_JAPAN_HONDA_RECALL?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-03-14-07-00-33
  4. recalled more than 870,000 minivans and SUVs: http://investorplace.com/2012/12/honda-recalls-minivans-suvs-on-roll-away-risk/
  5. had been delayed by low inventory of the replacement hoses.: http://investorplace.com/2012/10/giant-honda-recall-will-last-into-next-year/

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