TOKYO (Reuters) - Nissan Motor Co (7201.T), Japan's third-largest auto maker, said on Thursday it would recall 2.55 million cars worldwide at an estimated cost of 15 to 16 billion yen ($138-148 million) due to an engine defect.
The recall applies to 1.02 million cars in Japan spanning 25 models, making it the second-biggest ever by an auto maker in Japan, a Transport Ministry official said.
The biggest was also by Nissan, involving about 1.05 million cars in May 1996.
A Nissan spokeswoman said the cost of the recall had been factored into profit forecasts for the business year to next March. Some of the cost will be shared by parts makers, she said.
Earlier this month, Nissan said it would keep its full-year operating profit forecast unchanged at 820 billion yen ($7.58 billion), up 11 percent from last year.
Shares of Nissan, owned 44.4 percent by France's Renault (RENA.PA), fell on the recall news. The stock closed down 0.73 percent to 1,221 yen after touching a high of 1,273 yen.
Some analysts had expressed concern about possible quality issues at Nissan, which has been expanding its product line-up and output volumes at break-neck speed over the past few years.
The defect was found inside a sensor in the engine that could lead to a short-circuit and stop the engine from working. There have been no reports of accidents caused by the problem.
The recall affects many popular cars manufactured between 1998 and May 2003, including the Sunny, March, Cube, Primera, Presage, X-Trail, Skyline and Fairlady Z, as well as two cars built for Subaru-maker Fuji Heavy Industries (7270.T) and Mazda Motor Corp (7261.T) on an OEM (original equipment manufacturer) basis.
Originally posted by: Somecallmetim
Wonder if its also coming to america. I sure dont want my Z to fail.
Not that I'm a Nissan fanboy, but some of Ford's recalls have been due to defects a lot more dangerous than this one.Originally posted by: PlatinumGold
hmmm. what were all the nissan fanbois saying about ford?
Originally posted by: BigSmooth
Not that I'm a Nissan fanboy, but some of Ford's recalls have been due to defects a lot more dangerous than this one.Originally posted by: PlatinumGold
hmmm. what were all the nissan fanbois saying about ford?
Originally posted by: murphy55d
Ok skoorb defend your boys here!
Every car company has recalls, Ford just happens to be the most proactive about getting their vehicles fixed.Originally posted by: BigSmooth
Not that I'm a Nissan fanboy, but some of Ford's recalls have been due to defects a lot more dangerous than this one.Originally posted by: PlatinumGold
hmmm. what were all the nissan fanbois saying about ford?
Originally posted by: PlatinumGold
hmmm. what were all the nissan fanbois saying about ford?
Originally posted by: TekViper
bad oil pressure sensor could cause the engine to stop as it shuts off the fuel pump on low/no oil pressure.
Most cars with fuel injection have a similar set-up. It prevents the fuel pump form running after an engine losses oil pressure.Originally posted by: bernse
Originally posted by: TekViper
bad oil pressure sensor could cause the engine to stop as it shuts off the fuel pump on low/no oil pressure.
They actually have the oil pressure sender tied into the ignition system that way now? I had no idea.
Originally posted by: faZZter
Originally posted by: PlatinumGold
hmmm. what were all the nissan fanbois saying about ford?
I still say Nissan makes a much better car/truck than any "US" brand.
I have had 4 nissans over the last 18 years and here is a list of problems I experienced...
On my 1983 4X4 - a blown heater core!
End of list.
A friend of mine at work has a 98 F-150 and he has had MANY problems with it. He also blew a heater core recently and it cost him approximately 500 dollars to fix it. He also has had front end problems, brake problems and his catalytic converters both plugged up. That on cost him a ton of money to replace the converters.
It isn't like I hate Ford or Chevy or whatever, but I don't think the quality is up there with Japanese makers yet overall.
Originally posted by: PlatinumGold
Originally posted by: faZZter
Originally posted by: PlatinumGold
hmmm. what were all the nissan fanbois saying about ford?
I still say Nissan makes a much better car/truck than any "US" brand.
I have had 4 nissans over the last 18 years and here is a list of problems I experienced...
On my 1983 4X4 - a blown heater core!
End of list.
A friend of mine at work has a 98 F-150 and he has had MANY problems with it. He also blew a heater core recently and it cost him approximately 500 dollars to fix it. He also has had front end problems, brake problems and his catalytic converters both plugged up. That on cost him a ton of money to replace the converters.
It isn't like I hate Ford or Chevy or whatever, but I don't think the quality is up there with Japanese makers yet overall.
hmmmm. I owned a Ford Mustang LX 5.0 '89. 5 years i ran that thing, i amassed 65k the first 18 months. i NEVER had ANYTHING go wrong with this vehicle.
Conclusion FORD makes quality products.
btw, oh wait, you mean one should take SAMPLE size into consideration?? NO FVCKING way, it was MY CAR. and NOTHING went wrong with it, Hence, FORD Makes GREAT CARS.
Originally posted by: RossMAN
Nissan is still overall more reliable and is less prone to recalls (e.g. Ford Focus) than it's domestic competitors.
Originally posted by: PlatinumGold
Originally posted by: BigSmooth
Not that I'm a Nissan fanboy, but some of Ford's recalls have been due to defects a lot more dangerous than this one.Originally posted by: PlatinumGold
hmmm. what were all the nissan fanbois saying about ford?
you mean like Toyata Sienna's exploding gas tank?