Honda is recalling more than 428,000 vehicles in the U.S. and Canada because of a defect that could make cars roll away if incorrectly parked.
The recall covers 2003-2004 Accords, Civics and Elements in the U.S., some 384,220 vehicles. The Canadian recall covers those models plus some Acura 1.7ELs, or about 44,000 cars total.
Honda said that in some situations, a part known as the ignition interlock lever could fail. The device is supposed to keep drivers from removing the key from the ignition when the vehicle is not in park. But if the ignition switch fails, vehicles can roll away if parked incorrectly.
Honda said it would begin notifying consumers of the recall in September. Honda has received reports of 10 crashes related to the defect and the National Highway Traffic Safety Administration says consumers have reported 11 crashes for the same problem, including one woman who was almost run over by her car when it was parked in her driveway.
What is Short Selling?
Make a profit when stocks prices fall.View Course »