Honda Motor (NYSE:HMC) Company Limited is reportedly recalling half a million cars in the US and Canada because their front seat belts may not latch properly, according to the Associated Press (AP).
The news agency reported that the recall covers the car giant’s top-selling models including the 2017 through 2020 CR-V, the 2018 and 2019 Accord, the 2018 through 2020 Odyssey and the 2019 Insight. In addition, there is the Acura RDX from the 2019 and 2020 model years.
Honda said in documents cited by AP that the surface coating on the channel for the buckle can “deteriorate over time.” Moreover, “the release button can shrink against the channel at lower temperatures, increasing friction and stopping the buckle from latching.”
Honda’s shares dropped 2.2% to trade at $24.83 when the market opened on Wednesday.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
Follow her on Twitter: @UttaraProactive