Tuesday, 2nd February 2010
In Business In Japan,
Honda announces car recall
Japanese car manufacturer Honda has announced it is to recall a number of US and European models over safety fears.
Following a number of incidents in which cars reportedly set on fire after electric window switches short-circuited, Honda is to recall the 2007 and 2008 US versions of its Fits models as well as the 2002 to 2008 versions of its Jazz cars in Europe.
Certain cars in South Africa and South America will also be recalled.
The news follows an announcement by fellow Japanese firm Toyota, which has also been forced to recall millions of cars after a problem with faulty accelerators.
Shares in Honda fell by 2.5 per cent after its announcement.
The Japanese car industry has been hit hard by the impact of the economic downturn as worldwide demand for high-value luxury items fell.
Toyota is the largest vehicle manufacturer in the world and Honda is the second biggest in Japan.
Written by Kimberley Homer.
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Honda Fit Hybrid goes on sale (12th October 2010)
Honda workers strike hits Japanese economy (4th June 2010)
Honda recalls more cars (18th March 2010)
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