September 14, 2011
On September 14th, 2011, Honda Motor Co. announced a problem with the Pilot vehicles in the U.S. Honda Motor Co. said it was recalling 310,773 pilot vehicles in the U.S. to inspect and potentially replace the front seat belts due to problems with the belts stitching.
Honda said it was voluntary recalling Pilots from the 2009 through 2011 model years. The automaker said that the driver and front passenger seat belts may have been manufactured improperly.
The stitching connecting the lap section of belts to the outboard anchor webbing may be incomplete or missing. That means the belts may potentially come loose in a crash, increasing the risk of injury.
Honda said there had been no injuries because of the defects. Due to this problems Honda’s stocks dropped after the article was released, consumers stopped buying not only the “Pilot” but some other models. Honda Motor Co. on Thursday reported a 24% drop in August U.S. sales to 82,321 cars and trucks. The company, still recovering from the March earthquake in Japan, pointed out that production plans for most models returned to 100% in North America late last month, which should help boost selection and unit sales in the coming months.
Honda stock went down, they posted a sharp 88.3% fall in profit to $394 million or 22 cents per share on its physical year. The decline in profit was attributed to adverse impact from the tsunami and Japan on March 11 and unfavorable currency translation effects.
October 11, 2011
Honda manufacturing of Indiana, LLC (HMIN) marked the start of mass production of the all new 2012 civic natural gas as it moves to increase production of the alternative-fuel Civic to support an expanding network of certified Civic Natural Gas dealers across the U.S. Engines for the Civic Natural Gas will continue to be supplied by Honda’s engine plant in Anna, Ohio.
HMIN will ramp-up production of the Civic Natural Gas during the 2012 model year to meet anticipated increasing...