Recent media reports claimed that Honda Motor Co Ltd (ADR) (NYSE:HMC) is considering to recall nearly 200,000 vehicles internationally after customer complaints mounted over problems in the vehicles shift interlock system.
The current recall will include 17,500 units of 2013 Acura RDX vehicles, 59,000 units of Honda Odyssey minivans of 2012 and 2013 model year in addition to 128,000 units of Honda CR-V SUVs of the 2012 and 2013 model year.
The company claimed that the problem did not result in any passenger injury or damages after it was spotted. Previously the Japanese automaker had issued recall for nearly 107,000 units in Canada from a total of 1.14 million vehicles.
In a report the Japanese automaker disclosed that when temperatures drop below zero, a component could allow the driver to shift the car’s transmission out of the park position without pressing the brake pedal.
Stock Highlights
In current trading activity, Honda Motor Co Ltd (ADR) (NYSE:HMC) stock opened at $39.18 hit maximum price of $39.32 up till now and is at $39.30.
Revenue Measures
Honda Motor Co Ltd generated sales of $96.95 billion in last twelve months with income of 3.69 billion. The Company showed a positive 2.98% in the net profit margin and its operating margin is calculated as 5.46%. Company’s annual sales growth for the past five years was -6.44%.
HMC past twelve months price to sales ratio was 0.73 and price to cash ratio recorded as 6.01. As far as the returns are concern, HMC return on assets stayed at 2.43% while its return on equity recorded as 8.12%.