Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Honda Motor Co Ltd intends to recall a bit over 200,000 China-produced hybrid vehicles after reports of issues with brake pedal sensors in some models.

The recall will cover 105,608 hybrid vehicles produced between October 8th 2018 and September 7th 2020 by Honda’s joint venture with Dongfeng Motor Group Co as well as 95,081 vehicles produced between August 27th 2018 and August 6th 2020 by the auto maker’s manufacturing partnership with Guangzhou Automobile Group Co.

The reported issue is associated with lubricating oil introduced into brake pedal sensors during the production process, which could affect the sensors over time.

The recall will be initiated from March 31st 2023.

The shares of Honda Motor Co Ltd (7267) closed 0.23% (JPY 7.0) higher at JPY 3,034.0 in Tokyo on Thursday, with the auto maker’s total market cap now standing at JPY 5.50 trillion.

The shares of Honda Motor Co have retreated 6.07% so far this year, compared with a 9.37% loss for the benchmark index, Nikkei 225 (N225).

In New York, the shares of the Japanese auto maker closed 2.49% ($0.57) lower at $22.35 on Wednesday, while extending the loss from the previous trading session.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Friday’s trade saw GBP/USD within the range of 1.4107-1.4159. The pair closed at 1.4143, inching down 0.08% on a daily basis. It has been the 33rd drop in the past 60 trading days. In weekly terms, GBP/USD lost 2.33% of its value in the past […]
  • Political Turmoil and Fed Bets Weigh on British PoundPolitical Turmoil and Fed Bets Weigh on British Pound Key Moments GBP/USD weakens to around 1.3415 in Asian trading as political uncertainty in the UK weighs on sentiment. UK gilt yields surge to a 28-year high amid fiscal concerns following local election losses and senior […]
  • Forex Market: AUD/HKD daily forecastForex Market: AUD/HKD daily forecast During Friday’s trading session AUD/HKD traded within the range of 7.2383-7.2901 and closed at 7.2846.At 6:35 GMT today AUD/HKD was losing 0.07% for the day to trade at 7.2794. The pair touched a daily low at 7.2744 at 1:45 […]
  • Forex Market: USD/CHF daily forecastForex Market: USD/CHF daily forecast During yesterday’s trading session USD/CHF traded within the range of 0.8956-0.9000 and closed at 0.8964.At 6:27 GMT today USD/CHF was losing 0.12% for the day to trade at 0.8948. The pair touched a daily low at 0.8946 at 6:25 GMT, […]
  • Netflix Inc.’s share price up, doubles its earnings in Q2, projects rising costs in next quarterNetflix Inc.’s share price up, doubles its earnings in Q2, projects rising costs in next quarter Netflix Inc. made a statement yesterday, revealing that its customer gains over the second financial quarter surpassed its own projection by reaching more than 50 million users globally. The company also announced that its earnings over the […]
  • Spot Gold off 2-week peak on EU tariff deadline extensionSpot Gold off 2-week peak on EU tariff deadline extension Spot Gold eased from a 2-week peak of $3,366.00 on Monday, as US President Donald Trump set a July 9th deadline for reaching a trade agreement with the EU.The yellow metal rose almost 2% last Friday, after Trump announced that he was […]