4th November, 2010
October was a bad month for the auto industry. Following recalls from Toyota and Honda over brake issues, and BMW because of fuel pump failures, Nissan has announced a massive recall of 2.14 million vehicles for problems with the ignition.
The recall involves a potentially faulty ignition relay that could lead to engine problems on Nissan Pathfinder, Tiida, Armada and Xterra SUVs, Titan and Frontier pickup trucks and Infiniti QX56 SUVs. The majority of the vehicles affected are Japanese market units, but the recall does include 738,276 vehicles sold in the United States, and 23,252 sold in Canada.
Recalls exceeding one million vehicles have become more common at big automakers as they use common components across multiple models to save design and production costs. Shares of Yokohama, Japan-based Nissan rose 2 yen to 732 yen in Tokyo trading. The stock has fallen 9.6 percent in 2010, while they are struggling to find their feet in Nigeria.
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