- China’s State Administration for Market Regulation reportedly said Honda Motor Co Ltd (NYSE:HMC) would recall 200,000 hybrid vehicles.
- The recall is a result of faulty brake pedal sensors in some vehicles, which is caused due to the lubricating oil, Reuters reported.
- The callback involves 105,608 hybrid vehicles produced by Honda’s venture with Dongfeng Motor Group Co from October 8, 2018, to September 7, 2020.
- Also Read: US Confirms Death Due To Faulty Air Bag In Honda
- The recall also involves 95,081 vehicles produced by Honda’s partnership with Guangzhou Automobile Group Co between August 27, 2018, to August 6, 2020.
- The recall is slated to start from March 31, 2023.
- Also Read: Honda Agrees To Procure 123 GWh BEV Batteries From CATL
- Price Action: HMC shares closed lower by 2.49% at $22.35 on Wednesday.
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Rhythm Pharmaceuticals Q4 EPS $(0.75) Beats $(0.81) Estimate, Sales $8.79 Miss $7.03M Estimate
Rhythm Pharmaceuticals (NASDAQ:RYTM) reported quarterly losses of $(0.75) per share which beat the analyst consensus estimate of $(0.81) by 7.41 percent. This is a 11.76 percent increase over losses of $(0.85) per share
