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Product recalls are one of a number of corrective actions that can be taken for products that are deemed to be unsafe. [1] The recall is an effort to limit ruination of the corporate image and limit liability for corporate negligence, which can cause significant legal costs.
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.
Honda has long built nearly all of its own automobile transmissions, unlike many other automobile manufacturers which often source transmissions from external sources. The most notable exception was in 2014, when Honda decided to forgo an in-house designed transmission and chose the ZF 9HP transmission for their Acura TLX V6 model, later extending the offering of the ZF transmission to the ...
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Honda Manufacturing of Alabama (HMA) is an automobile factory located in Lincoln, Alabama. It builds light truck Honda vehicles (pickup trucks and crossover SUVs ) for sale in North America . Production began on November 14, 2001 and was the first Honda factory to both produce engines and assemble vehicles under the same roof.
In 1956, a purchasing group of tire retailers formed Cordovan Associates. The Company changed its name to Tire & Battery Corporation in 1972. Eleven years later, Tire & Battery Corporation went public (NASDAQ: TBCC). In 2005, the company was purchased by Sumitomo Corporation of America (SCOA), one of Japan's major integrated trading and ...
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