Advertisement
Canada markets open in 3 hours 14 minutes

  • S&P/TSX

    21,656.05
    +13.18 (+0.06%)
     

  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     

  • DOW

    37,753.31
    -45.66 (-0.12%)
     

  • CAD/USD

    0.7268
    +0.0005 (+0.07%)
     

  • CRUDE OIL

    81.81
    -0.88 (-1.06%)
     

  • Bitcoin CAD

    84,672.77
    -1,971.75 (-2.28%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,393.40
    +5.00 (+0.21%)
     

  • RUSSELL 2000

    1,947.95
    -19.53 (-0.99%)
     

  • 10-Yr Bond

    4.5850
    0.0000 (0.00%)
     

  • NASDAQ futures

    17,708.25
    +49.75 (+0.28%)
     

  • VOLATILITY

    18.10
    -0.11 (-0.60%)
     

  • FTSE

    7,868.55
    +20.56 (+0.26%)
     

  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     

  • CAD/EUR

    0.6808
    +0.0006 (+0.09%)
     

313K Honda Vehicles Declared Unsafe Due to Takata Airbags

Zacks Equity Research
Updated

The National Highway Traffic Safety Administration (NHTSA) has declared nearly 313,000 Honda Motor Co., Ltd. HMC vehicles to be risky to drive due to unrepaired defective Takata airbags. While the company has notified the owners of the impending recall several times, these Honda and Acura vehicles have not been brought in for repairs.

However, new tests revealed that the airbag inflators of some Honda and Acura vehicles manufactured over the period 2001−2003 have up to 50% chance of exploding while inflating. When these inflators explode, they send metal fragments shooting into the car that may injure or kill occupants. Hence, the NHTSA has advised owners to stop driving these vehicles and bring them in for repairs as soon as possible.

Vehicles coming under the purview of this recommendation include model year 2001 and 2002 Honda Civic and Accord, model year 2002 and 2003 Acura TL, model year 2002 Honda Odyssey and CR-V, and model year 2003 Acura CL and Honda Pilot.

The defective Takata airbags have resulted in 11 confirmed deaths and more than 100 injuries. Another 3 deaths in Malaysia are still under investigation for possible links to these airbags.

HONDA MOTOR Price

HONDA MOTOR Price | HONDA MOTOR Quote

ADVERTISEMENT

Honda currently carries a Zacks Rank #5 (Strong Sell). Some better-ranked automobile stocks include Commercial Vehicle Group Inc. CVGI, Spartan Motors Inc. SPAR, and Visteon Corporation VC, all sporting a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
HONDA MOTOR (HMC): Free Stock Analysis Report
 
VISTEON CORP (VC): Free Stock Analysis Report
 
COMML VEHICLE (CVGI): Free Stock Analysis Report
 
SPARTAN MOTORS (SPAR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research