Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
Why Maruti Suzuki Is Losing Market Share in India as SUVs and Premium Features Gain Popularity 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Oil Prices Hold Steady as U.S.-Iran Conflict and Houthi Blockade Keep Markets on Edge 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
US Stock Exchanges Face Earnings Test as Trading Boom Meets Crypto Competition 
Oil Prices Surge as U.S.-Iran Conflict Escalates, Raising Supply Fears 
Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
Gold Price Jumps Near 2% Above $4,080 as Middle East Tensions Lift Safe-Haven Demand 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
Asian Currencies Hold Steady as Fed Outlook Offsets Middle East Tensions 
Honda recalls around 725,000 units of vehicles after the discovery of an issue with the hoods. It was reported that the mentioned car part could pop open without warning while on the road.
Honda said the issue affects its 2016-2019 Pilot mid-size SUVs with model years 2016 to 2019, Honda Passport SUV 2019, and its Ridgeline trucks with model years of 2017 to 2020. All the models being recalled are units sold in the United States only.
The recall was also confirmed by the U.S. Department of Transportation's National Highway Traffic Safety Administration, and it already released an official notice last weekend.
As posted on NHTSA's notice, the "hood latch striker may become damaged and separate from the hood, which can result in the hood opening while driving." Honda said that if this happened, the hood may block the driver's view, and the risk of a crash is heightened.
The traffic safety office indicated that the remedy for this issue is either a repair to the hood latch striker or a total replacement of the hood if needed. The works should be done at an authorized Honda dealer, and owners of the recalled vehicles do not have to pay anything.
Vehicle owners will be receiving a mailed notice from Honda by Jan. 17, 2022. They may also directly contact the carmaker's customer service at 1-888-234-2138 if they have queries.
CBS News noted that owners of the affected Honda models must not ignore any noise or vibration on the hood while driving. This is because it may be an indication that the hood latch has become loose, and may lead to the sudden opening of the hood.
"Gaps in the front seal between the hood and the grill allow for air entry, potentially resulting in hood vibration at highway speeds," CBS News quoted Honda as saying in a separate notice. "Honda Over time the hood vibration could form stress fractures along the hood latch striker and separate the hood latch striker from the hood. A separated hood latch striker may allow the hood to open, obstructing the driver's view and increasing the risk of a crash."
Honda said there is no report of crashes or injuries yet related to the issue with the hood. Finally, while this recall is for U.S. only, it was said that worldwide, more than 55,000 more units are also covered in the recall.
