Honda,Also,Facing,Recall,Troub law Honda Also Facing Recall Troubles
When you work with an attorney, you will have no problem reducing the risks associated with getting your case in front of a judge and jury, or other formal court, when you need to. However, every case is different. It is important to work wi Bankruptcy is a situation, wherein an individual is termed as unable to discharge all the debts. When a person or a company is not able to pay off its creditors, it has an obligation to file a bankruptcy suit. In fact, a bankruptcy suit is a
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-qformat:yes;mso-style-parent:"";mso-padding-alt:0in 5.4pt 0in 5.4pt;mso-para-margin:0in;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:11.0pt;font-family:"Calibri","sans-serif";mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:"Times New Roman";mso-fareast-theme-font:minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi;}Most public attention regardingautomakers recently has focused on the recall problems facing Toyota, butToyota is certainly not the only automaker facing such troubles. Honda's autorecall woes are burgeoning; earlier this month; its recall encompassing 443,000vehicles was expanded to include 378,000 additional vehicles. This recall isexpected to cost Honda $2.2 to $3.3 million.In the United States, the latestround of Honda recall notices apply to 2001 and 2002 models of the Accord, Civic,Odyssey, CR-V, Pilot and 2002 Acura TL and CL vehicles.What may prove more troubling forHonda than the total number of cars needing repair is the seriousness of thepotential defect with the airbags in the vehicles. On deployment, excessivepressure can shoot metal shards through the airbag fabric, potentially injuringvehicle occupants. The Wall St. Journal reported that one person has died and11 were injured in car accidents involving defective Honda airbags.The irony of a device intended to increaseoccupant safety harming occupants who might otherwise escape injury in acollision is not one likely to set well with Honda owners.Honda has distanced itself fromresponsibility for the defectunderlying its airbag recalls, placing the blame on a particular partsmanufacturer. Yoichi Hojo, Honda's chief financial officer, told Reuters thatthe U.S. unit of Japan's Takata Corp. deviated from the design approved by Hondawhen manufacturing the airbags. Honda is seeking financial compensation fromTakata. Because of its perceivedfoot-dragging in ordering recalls, Toyota is currently the subject of intenseCongressional scrutiny. With Honda having issued its first round of recallnotices in November 2008, its second round in July and its third in February,it too may find itself the subject of investigation.The cost of any auto recalldecreases with time; when more vehicles in the model class are retired from theroad, the automaker has fewer cars to recall. As a result, delaying a recallmay provide cost-savings for manufacturers.If a manufacturer knows of defectsand delays reasonable action to correct them, however, any savings could beoffset by punitive damage awards rendered in productliability lawsuits. Unlike compensatory damages that compensateinjury victims for harm suffered, punitive damages are awarded to punishwrongdoers and deter future similar misconduct.
Honda,Also,Facing,Recall,Troub