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MarketScreener Homepage  >  Equities  >  Tokyo  >  Honda Motor Co Ltd    7267   JP3854600008

HONDA MOTOR CO LTD

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Honda Motor : GAC Honda to recall 94,680 vehicles

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07/20/2019 | 12:43am EDT

GAC Honda, the joint venture between Honda and Guangzhou Automobile Group, will recall 94,680 vehicles in the Chinese market due to defective airbags, according to China's top quality watchdog, Trend reports citing Xinhua.

The recall, set to begin on Monday, will involve 94,663 Crosstour, Fit, City, Accord, Odyssey and Everus S1 models made between Nov. 11, 2002 and June 27, 2015, and 17 imported Fit Hybrid sedans manufactured between July 5, 2012 and March 1, 2013, said an online statement by the General Administration of Quality Supervision, Inspection and Quarantine.

When airbags deploy, airbag inflators of the affected vehicles may rupture, spewing out shrapnel and posing risks to drivers and passengers.

The automaker will replace the defective parts of the affected vehicles free of charge, according to the statement.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials (JPY)
Sales 2020 15 535 B
EBIT 2020 767 B
Net income 2020 664 B
Debt 2020 4 453 B
Yield 2020 4,65%
P/E ratio 2020 6,62x
P/E ratio 2021 6,11x
EV / Sales2020 0,57x
EV / Sales2021 0,56x
Capitalization 4 380 B
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Number of Analysts 22
Average target price 3 376,67  JPY
Last Close Price 2 488,50  JPY
Spread / Highest target 68,8%
Spread / Average Target 35,7%
Spread / Lowest Target 8,50%
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Managers
NameTitle
Takahiro Hachigo President, CEO & Representative Director
Seiji Kuraishi COO, Representative Director, VP & Head-Strategy
Kohei Takeuchi Senior MD, Head-Finance & Administration
Yoshiyuki Matsumoto Senior Managing Director, Head-R&D
Toshiaki Mikoshiba Senior MD, GM-North America & Head-Sales
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