Whats the main issue with the vehicles involved in the Honda recall?”
TOKYO/PARIS (Reuters) – Toyota said its global safety withdrawal would take up to 1.8 million vehicles off Europe’s roads and rival Honda announced its own recall, placing the vaunted pedigree of Japan’s carmakers under fresh scrutiny. The move by Honda, tipped to benefit from Toyota’s woes, came as suppliers, consumers and analysts weighed the financial impact on Toyota of its recall and its suspension of U.S. sales. Investors also assessed the fall-out for an industry just emerging from global crisis as well as the damage to Japanese automakers’ prized reputation for safety and reliability. “It’s not that their vehicles are worse than the others, (the recalls are) just showing maybe that their vehicles are like the others,” said IHS Global Insight analyst Carlos Da Silva. “The race to cost cuts and the competition between all brands is so fierce that even the mighty Japanese are doing things that are not as reliable as they were.” In a rare piece of positive news for Toyota, a source
Toyota Motor Corp faced U.S. Congress scrutiny over its biggest ever safety recall as rival Honda Motor Co, tipped to gain from Toyota’s woes, also said it would recall thousands of cars worldwide. Honda said it would recall a total of 646,000 units of its Fit/Jazz and City models, including 140,000 in the United States, because of a faulty window switch, after a child died when fire broke out in a car last year. The announcement came as investors, suppliers and consumers weighed the impact of an unprecedented halt in U.S. production by Toyota, the world’s No.1 automaker. Honda’s move, as well as Toyota’s recall due to problems with unintended and dangerous acceleration, come at a bad time for the industry as it struggles to lure buyers back to showrooms after a sales slump that helped drag U.S. rivals General Motors [ and Chrysler into bankruptcy. In an unusual move, House Energy and Commerce Committee Chairman Henry Waxman said he would hold a hearing next month to consider how quick
2010 Honda Fit recall announced, and 646,000 vehicles are affected. The Honda recall comes days after Toyota halted production of certain vehicles due to issues with the accelerator. Honda announced that the electric windows can overheat if exposed to moisture. This can cause melting, smoke – and even fire.
