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Honda Motor (NYSE:HMC) is to recall almost 250,000 vehicles worldwide, including some Acura MDX crossover SUVs, because of braking problems, stated the automaker on Thursday. The stability assist system in the vehicles being recalled could potentially malfunction and the brake could operate even if the driver is not pressing the pedal, spokeswoman Tomoko Takemori informed Reuters. Furthermore, the vehicle might brake more strongly than intended when the system malfunctions, she said. Honda is recalling nearly 183,500 vehicles in the United States, and nearly 57,000 vehicles in Japan. Cars in Canada, Mexico, Germany, Australia, and New Zealand will also be recalled. The models that were affected include the Odyssey, Acura RL sedan, Acura MDX, and the Honda Pilot SUV, which were all made between 2004-2005. No accidents or injuries were reported from the problem, stated Takemori. Honda did not reveal the amount that this recall will cost or where it had sourced the problematic parts.
These institutional firms indicated owning shares of Honda Motor in Q4 2012. They reported owning a total of 28.447 million shares on 12/31/2012. The shares closed at $36.94 on 12/31/2012.
Here are the ten largest positions in Honda at the end of December 31, 2012.
Dodge & Cox held 6,767,200 shares on 12/31/2012 worth $249,980,359. This brought the portfolio total to 0.34 percent.
Scout Investments Inc. held 2,308,841 shares on 12/31/2012 worth $85,288,583. This brought the portfolio total to 1.17 percent.
Brandes Investment Partners LP held 2,173,270 shares on 12/31/2012 worth $80,280,591. This brought the portfolio total to 0.95 percent.
FMR LLC held 1,609,664 shares on 12/31/2012 worth $59,460,986. This brought the portfolio total to 0.01 percent.
Mawer Investment Management Ltd. held 1,014,721 shares on 12/31/2012 worth $37,483,792. This brought the portfolio total to 1.68 percent.
Clearbridge Investments LLC held 997,382 shares on 12/31/2012 worth $36,843,290. This brought the portfolio total to 0.07 percent.
Managed Account Advisors LLC held 967,665 shares on 12/31/2012 worth $35,745,544. This brought the portfolio total to 0.06 percent.
Earnest Partners LLC held 942,970 shares on 12/31/2012 worth $34,833,311. This brought the portfolio total to 0.31 percent.
Bank of New York Mellon Corp held 838,991 shares on 12/31/2012 worth $30,992,326. This brought the portfolio total to 0.01 percent.
Strs Ohio held 700,000 shares on 12/31/2012 worth $25,857,999. This brought the portfolio total to 0.12 percent.
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