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    Honda Recalls Nearly 46K Fit Cars in U.S., Canada

    Honda Motor (HMC) said Monday it is recalling nearly 46,000 Fit Sport vehicles in the U.S. and Canada to fix a problem with their electronic stability control systems.

    The Japanese automaker said the problem could cause the vehicles to tilt excessively on sharp turns and lose tire traction, increasing the risk of an accident. The issue was discovered by the U.S. National Highway Traffic Safety Administration.

    In the U.S., the recall affects 43,782 Fit Sport cars from model years 2012 and 2013. Another 2,000 will be recalled in Canada.

    Honda said it will begin notifying owners on May 17. Dealers will update the ESC software for free.

    No accidents or injuries related to the ESC issue have occurred, according to Honda.

    Shares of Honda closed Friday at $40.39 and were inactive in pre-market trading.

    Another Japanese automaker, Nissan, also announced a recall on Monday.

    Nissan said it is recalling up to 123,308 Altima cars from model year 2013 to address a potential problem with their spare tires, which may have been significantly over- or under-inflated.

    The recall is expected to start on May 3. Nissan dealers will inspect the spare tires and adjust the pressure if necessary.
    Iubesc masinile japoneze. Ele nu mint, nu inseala !



      Honda Recalls Fit MPVs

      Honda Motor Co. ( HMC - Analyst Report ) plans to recall 46,000 units of its Fit multi-purpose vehicles (MPVs) in the U.S. and Canada in order to fix their defective electronic stability control systems. Fit, also known as Honda Jazz in some non-U.S. markets, is a five-door mini MPV, first introduced in June 2001.

      Honda’s decision to recall the vehicles mainly stemmed from a test conducted by the U.S. National Highway Traffic Safety Administration (NHTSA). The NHTSA test revealed that the vehicles have the tendency to tilt excessively on sharp turns and lose tire traction, which can increase the risk of an accident.

      Honda will recall 43,782 Fits in the U.S. from model years 2012 and 2013. The remaining 2,000 units of the vehicle will be recalled in Canada.

      Honda decided to begin notifying Fit owners on May 17. The company has not yet received any reports of accidents or injuries related to the problem in the vehicles.

      Automotive safety recalls were brought into focus by media after Toyota Motors’ ( TM - Analyst Report ) announcement of the largest-ever global recall of 3.8 million vehicles in Sep 2009, triggered by a high-speed crash that killed 4 members of a family.

      Later on, a string of recalls has led Toyota to face numerous personal injury and wrongful death lawsuits in federal courts. Last year, the Transportation Department of U.S. slapped a fine of $17.35 million on Toyota due to late response regarding a defect in its vehicles to safety regulators as well as late recall of those vehicles.

      According to the department, it was the maximum allowable fine under the law for not initiating a recall in a timely manner. The latest fine adds to $48.4 million imposed by the U.S. government on the company in 2010 due to late recall of millions of defective vehicles.

      Recently, another major Japanese automaker Nissan Motor Co. ( NSANY ) recalled 123,308 units of Nissan Altima mid-size cars from model year 2013 in order to fix a potential problem with their tires, which may have been significantly over or under-inflated.

      Honda, a Zacks Rank #4 (Sell) stock, reported an 8% rise in earnings to „75.8 billion ($805 million) or „42.03 (45 cents) per share in the fourth quarter of the fiscal year ended Mar 31, 2013 from „71.6 billion or „39.72 in the same quarter of prior fiscal year. However, earnings lagged the Zacks Consensus Estimate by 18 cents during the quarter.

      Consolidated net sales and other operating revenues grew 14.1% to „2.7 trillion ($29.2 billion). The increase was attributable to improved revenues in automobile business operations as production recovered from the impact of Thai flood as well as favorable foreign currency translation effects.

      Consolidated operating profit rose 21.4% to „136.0 billion ($1.4 billion) from „112.0 billion in the fourth quarter of fiscal 2012, driven by positive impact from cost reduction measures and favorable foreign currency effects, partially offset by higher R&D and SG&A expenses.

      For fiscal 2014, Honda has projected revenues to increase 22.5% to „12.1 trillion. Operating profit is expected to surge 43.2% to „780 billion and profits are anticipated to jump 58.0% to „580 billion or „321.81 per share. The company expects higher revenues, favorable model mix and effective cost reduction measures to contribute to the increase in profits during the year.

      Currently, Peugeot S.A. ( PEUGY ) with a Zacks Rank #2 (Buy) is performing well in the global automotive industry.


      Hyundai and Kia to recall 175.000 cars in China

      Korean automakers Hyundai and its subsidiary Kia will recall more than 175,000 cars due to defective brake light switches, China’s consumer quality watchdog said on Monday.
      Starting on Monday, Beijing Hyundai Motor Company will recall 121,835 of its IX35 models manufactured between April 9, 2010 and October 6, 2011, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement.
      Dongfeng Yueda Kia, a joint venture of Kia with two Chinese companies, is recalling 53,897 of its Sportage vehicles made between July 8, 2010 and October 15, 2011 as of Monday.
      Both recalls are due to the possible malfunctioning of the brake light switch, which may cause the brake light not to illuminate when the driver depresses the brake pedal, raising the probability of traffic accidents, the statement said.
      The AQSIQ said both companies will replace the faulty parts free of charge for car owners.
      Last edited by tokyodream; 16-05-13, 12:58.
      Iubesc masinile japoneze. Ele nu mint, nu inseala !


      • Pentru posesorii de masini cumparate din Romania:

        Daca nu ma insel, este vorba despre airbag-urile Takata. Puteti verifica VIN-ul pe Honda UK:


        • de curiozitate am introdus vin-ul meu, si mi-a iesit:

          According to our records there is some outstanding work to be carried out on the VIN you entered.

          pud: accord windshield side trim lifting

          Please contact your local Authorised Honda dealer and arrange an appointment to have your car repaired.

          intr-adevar ornamentul de la parbriz partea dreapta se desprinde f usor. Despre ala sa fie vorba oare?
          '08 Jaguar XF 3.0 V6 Premium Luxury A/T
          Ex: 09 Honda Accord 2.4 CU2 EXEC A/T & '07 Honda Accord 2.0 EXEC M/T


          • Daca e doar ornamentul ala - atunci de ce e "outstanding work" ?
            Poate timpul de manopera e destul de mare incat acopera si inlocuirea unor declansatoare de airbaguri...
            Mazda 6 Kombi, 2.5l, 192 CP, Soul Red


            • Tin minte ca s-a mai discutat pe forum despre recall-ul referitor la ornamentul pt prabriz de la CU. Despre ala ar trebui sa fie vorba. Mergi la dealer, mai ales fiind in UK cred ca se va rezolva rapid.

              Am introdus si eu VIN-ul, nu e niciun recall inregistrat pt vin-ul meu.
              Accord CL7 Executive 2.0 M/T Arctic Blue Pearl
              Accord CL9 Type-s 2.4 M/T Carbon Bronze Pearl
              ex - Civic 5D Executive 1,8 M/T Milano Red


              • Am întrebat eu la dealer la Iaşi, şi cu atât am rămas, cică sunt niste ornamente care se lipesc pe capotă pe interior ca să nu mai fâlfâie capota la unele viteze mari.


                • Honda Recalls Over 1.4 Million Vehicles Worldwide Due To Fuel Pump Issue


                  Iubesc masinile japoneze. Ele nu mint, nu inseala !
                  ACURA & HONDA SUV FAN CLUB ROMANIA -