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Thursday, March 14, 2013

Honda Recalling Nearly 250,000 Vehicles

Despite no reported crashes or injuries, Honda Motor (NYSE: HMC  ) has issued recalls for about 250,000 vehicles across the globe in order to fix a potential problem with the braking system in certain models.
The majority of the affected vehicles -- about 183,000 of them -- are in the U.S., though nearly 60,000 will be recalled in Japan, Reuters reports. Honda models in five other countries have also been called back for retooling. The American recalls include the 2005 Honda Pilot, 2005-2006 Acura MDX, and the 2005 Acura RL.
According to the company, the potential problem involves an electrical capacitor on the Vehicle Stability Assist control unit that may have been damaged during manufacture. This could cause the VSA system to malfunction and apply a small amount of brake force for a fraction of a second, without any input by the driver. Or, the amount of brake force applied could exceed the driver's intended input.
It isn't the first time this year that Honda has realized potential safety issues in vehicles already on the road. The Honda Pilot in particular has undergone a tough year: In January the company recalled nearly 750,000 newer Honda Pilots and Honda Odysseys due to manufacturing issues with the driver's side airbag.
The Japan-based company is struggling to remain competitive with other automotive companies all around the world. Between the 2008 fiscal year and the 2012 fiscal year, the company saw its revenues slide more than 33%.
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