Japanese automaker Honda Motor Company, Ltd. (NYSE:HMC) shares are trading lower premarket on Wednesday. A National Highway Traffic Safety Administration (NHTSA) report disclosed that the company recalled around 1.7 million vehicles.
The company said in a filing with NHTSA that the reason for the recall was a defect in the manufacturing of the steering gearbox worm wheel.
It can swell during operation, which diminishes the grease film thickness between the worm wheel and ...
