Honda Motor announces vehicle recall

Honda Motor Corp., the company so admired for vehicle quality, has announced on January 19, 2013 the recall of approximately 800,000 vehicles.

The vehicles recalled include the Honda Pilot and Honda Odyssey and the affected years are 2009 through 2013 for the Honda Pilot and 2011 through 2013 for the Honda Odyssey. The reason for the recall is the driver’s side airbag. Some of the airbags on these two vehicles are missing the rivets that keep the airbag cover in place and ensure proper deployment. Honda is asking its Odyssey and Pilot owners to return their vehicles to a local Honda dealership for inspection. If the airbag is found to be defective, it will be replaced free of charge.

Honda Motor has not reported any injuries directly related to the faulty airbags, but anything is possible and the automaker is taking no chances. Honda has not released figures relating to the financial cost of repairing/replacing the airbags on these vehicles, but it could potentially cost tens of millions of dollars depending on the number of defective airbags replaced.

Honda plans to mail notices to Odyssey and Pilot owners in mid- February, advising them of the recall. Owners can then check their vehicle at the Honda Recalls web site or call 800-999-1009 to see if their specific vehicle is a potential problem.

This is not the first time Honda has issued a vehicle recall in recent years. In 2012, Honda issued multiple recalls for a plethora of problems including electrical wiring concerns and faulty ignition locks. The recalls have tainted the automakers reputation slightly, but Honda can still boast of its better than average vehicle quality, as evidenced by high resale value and other measures.

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, Houston Finance Examiner

Bryan Carey is a financial professional with an MBA in Financial Management and more than twenty years experience working in the accounting, finance, and management fields. He has served as a corporate Controller, Financial Analyst, Financial Services Representative, Accounting Manager, and...

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