NHTSA opens investigation into 1.4M Honda vehicles over potential engine failure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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NHTSA Investigation: The National Highway Traffic Safety Administration has launched an investigation into 1.4 million Honda vehicles from 2016 to 2020 due to potential engine failure caused by a manufacturing defect in the crankshaft, particularly affecting connecting rod bearings.
Previous Recalls and Complaints: Honda had previously recalled 250,000 vehicles for a similar issue but has since received 173 complaints regarding failures in vehicles not included in that recall, with one crash reported but no injuries.
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About HMC
Honda Motor Co Ltd is a Japan-based company principally engaged in the motorcycle business, the automobile business, the financial service business and the life creation business. The Company operates through four business segments. The Motorcycle segment is engaged in the research and development, production and sale of motorcycles, all-terrain vehicles (ATVs), side-by-side vehicles and related parts. The Automobile segment is engaged in the research and development, production and sale of automobiles and related parts. The Financial Service segment is engaged in the sales financing and leasing of its products. The Power Products and Other Business segment is engaged in the research and development, production and sale of power products and related parts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
