Honda, Jeep, Ram vehicles investigated over safety issues
Yahoo Finance’s Pras Subramanian joins the Live show to discuss reports that the U.S. National Highway Traffic Safety Administration (NHTSA) has opened a probe into Honda, Jeep, and Dodge vehicles.
Video Transcript
BRAD SMITH: Additionally here, we also know that Honda's got some news out this morning, or at least, the engine failure reports are continuing to come forward. What do we know about that?
PRAS SUBRAMANIAN: Yeah, reports that NHTSA investigating 1.7 million cars, the Honda HRV, CRV, SUVs for a sort of rear differential that'll lock up, and the car will stop at high speed on a highway. I mean, it doesn't sound good at all. There's no recall announced yet. Honda is working with NHTSA to look at the field reports, they call it, to see what's wrong and see if they can just fix these, a one-off issue, or if it's like a larger recall, that would be, I would imagine, in the billions of dollars.
JULIE HYMAN: And it sounds like it's not just Hondas, either, right? There's some Jeeps that are affected by this. There are Ram Trucks that are affected by it also.
PRAS SUBRAMANIAN: Not that particular problem. But that's part of a bigger--
JULIE HYMAN: Oh, OK, got it.
PRAS SUBRAMANIAN: --other recalls that are happening. And this would be one of the biggest recalls of the year, if this is a-- if it's a 1.7 million car recall.
BRIAN SOZZI: Yeah, if you're going 60 miles an hour, I imagine you do not want your backend falling out of your truck.
PRAS SUBRAMANIAN: Or locking up.
BRIAN SOZZI: Definitely not. Pras Subramanian, thanks so much.
