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News > Companies
Feds could penalize Honda
August 15, 1996: 11:53 a.m. ET

Automaker accused of knowing about faulty seat belts
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NEW YORK (CNNfn) -- Federal officials will reportedly ask the U.S. Justice Department to penalize Honda for allegedly withholding information about faulty seat belts in 1986 to 1991 model-year cars and trucks.
     USA Today reported on Thursday that the National Highway Traffic Safety Administration believes Honda knew there were safety problems in seat belts it was later forced to recall. The company recalled 8.9 million cars and trucks in 1995 after the seat belts were found to unexpectedly open or fail to open.
     Federal law requires auto companies to inform the government of safety problems they know about.
     Honda spokesman Jeffrey Smith told the newspaper that the company had heard nothing official about the NHTSA's plans.Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.