Honda recalls over 500,000 cars
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Honda recalls over 500,000 cars
faulty ignition switch could cause the engine to stop. this is a global recall, affecting the Odyssey (not sure if it includes both US and JDM odysseys), CR-V and Step Wagon. the recall will cost the company about $23.7 million.
http://today.reuters.com/stocks/Quot...ALL.XML&rpc=66
http://today.reuters.com/stocks/Quot...ALL.XML&rpc=66
Honda to recall 561,594 cars at cost of $24 mln
Wed Jun 14, 2006 2:20am ET
TOKYO, June 14 (Reuters) - Japan's Honda Motor Co. said on Wednesday it would recall and repair a combined 561,594 units of the Odyssey, CR-V and Step Wgn models globally to fix a faulty ignition switch that could cause the engine to stop.
The recall and repairs would cost the company around 2.73 billion yen ($23.70 million), a spokeswoman said.
Of the total, 483,185 units are in Japan and were built between October 1994 and May 1997, Honda said in a filing with Japan's transport ministry.
Most of the recalls outside Japan cover the Odyssey minivan sold in North America. No accidents were reported overseas, while five people in Japan suffered burns from contact with melted ignition switches. ($1=115.18 Yen)
Wed Jun 14, 2006 2:20am ET
TOKYO, June 14 (Reuters) - Japan's Honda Motor Co. said on Wednesday it would recall and repair a combined 561,594 units of the Odyssey, CR-V and Step Wgn models globally to fix a faulty ignition switch that could cause the engine to stop.
The recall and repairs would cost the company around 2.73 billion yen ($23.70 million), a spokeswoman said.
Of the total, 483,185 units are in Japan and were built between October 1994 and May 1997, Honda said in a filing with Japan's transport ministry.
Most of the recalls outside Japan cover the Odyssey minivan sold in North America. No accidents were reported overseas, while five people in Japan suffered burns from contact with melted ignition switches. ($1=115.18 Yen)
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From: Southern NH
Originally Posted by Buyimports2
23.7 millions actually sounds pretty cheap considering the huge quantity of cars affected.