Honda To Recall 900,000 Odyssey Minivans To Fix Faulty Seats
Zacks Investment Research | Nov 19, 2017 10:18PM ET
Honda Motor Co., Ltd. (NYSE:HMC) has announced that it will recall around 900,000 Odyssey minivans, per Associated Press news. The Japanese vehicle maker took this decision as it feels that at the time of reasonable to heavy braking, the seats in the second row may tilt forward if not properly fastened.
Honda has revealed that 46 cases of minor injuries have been reported pertaining to this recall issue. The recall includes Odyssey minivans from 2011-2017.
In fact, vehicle makers across the globe, including Honda, are being plagued with recalls problems. Earlier in September, Honda Motor agreed to a $605 million legal settlement over faulty Takata air bag inflators, which led to several deaths and injuries. The loss settlement covers up to 16.5 million Honda and Acura vehicles. This time, Honda is preparing a plan to rectify the problem and will notify the vehicle owners about the recall.
Over the past six months, shares of Honda have outperformed the Zacks Investment Research
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