Honda's China Unit Recalling 408,000 SUVs

In an online statement yesterday, Honda (NYSE: HMC  ) said on its Chinese website that it will recall more than 408,000 CR-V sport utility vehicles in China. The recall came from China's Administration of Quality Supervision, Inspection and Quarantine -- or AQSIQ -- to Dongfeng Honda Automobile.

The recall involves a potentially defective front piston-rod in CR-Vs manufactured between March 2, 2010, and Aug. 30, 2012. According to an online translation of its statement, AQSIQ said that, "in extreme cases the piston rod may fracture." In an online translated version of its statement, Honda said the problem was due to a manufacturing supplier.

The recall officially begins on Friday and Honda will inspect and replace piston-rods free of charge for affected CR-V customers.

China is the world's biggest auto market by number of vehicles sold and Japanese and other global brands are looking to Chinese buyers for future sales growth.

Overall sales growth for Honda and other Japanese brands accelerated to 17.6% in July over a year earlier, from June's 16.5% rise, according to an industry group, the China Association of Auto Manufacturers.

-- Material from The Associated Press was used in this report.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2614068, ~/Articles/ArticleHandler.aspx, 9/27/2016 6:29:01 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:03 PM
HMC $29.05 Up +0.02 +0.07%
Honda Motor CAPS Rating: ****