Archive for the “Japan” Category

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WASHINGTON — Honda Motor Co. is recalling the popular Accord and Civic passenger cars to address problems with an ignition switch that could allow the key to be removed without the transmission being shifted into park, its third recall over the problem since 2003.

Honda said the most recent recall involved 384,220 vehicles and includes 2003 model year Accord and Civics and 2003-2004 versions of the Honda Element. Honda told the National Highway Traffic Safety Administration that the defect with the automatic transmissions could lead to a vehicle rolling away and increase the risk of a crash.

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Full Story at msnbc.com

WASHINGTON – Complaints of deaths connected to sudden acceleration in Toyota vehicles has surged in recent weeks, with the alleged death toll reaching 34 since 2000, according to new consumer data gathered by the government.

Complaints to a database maintained by the National Highway Traffic Safety Administration about the popular Toyota Prius hybrid grew by nearly 1,000 in just over a week.

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HONG KONG – Asian markets gained more ground Monday as Japan’s new $150 billion stimulus plan and upbeat news about Chinese bank lending boosted hopes for recovery in the region’s major economies.

Trade was thinner than normal with many investors still away for a public holiday and several markets closed. A stronger dollar combined with Tokyo’s latest measures helped exporters like Mazda and Nissan. Oil prices slipped to near $51 a barrel.

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