NEW YORK (TheStreet) -- Honda Motor Co. Ltd. (HMC) , along with its joint ventures in China, is recalling 569,769 cars due to potentially defective airbags made by Japan's Takata Corp. (TKTDY) , Reuters reports.
Globally there have been almost 20 million vehicles recalled by carmakers since 2008 as a result of an issue with the airbag inflators.
There have been five deaths linked to the issue, Reuters added.
Shares of Honda Motor are up by 0.28% to $29.01 in late morning trading on Tuesday.
GAC-Honda, the joint venture between Honda and Guangzhou Automobile Group Co. announced a recall of 527,136 Accord models manufactured between May 2002 and December 2007, Reuters said.
GAC-Honda is also recalling 16,505 Fit Saloon cars built between October 2002 and December 2003.
Dongfeng-Honda, the company's joint venture with Dongfeng Motor Group Co. will be recalling 26,128 Elysion MPVs manufactured between June 2012 and June 2014, due to defective airbags on the driver's side, Reuters noted.
The recall will begin on February 28, 2015.
The recalls are due to potentially damaged airbags which could cause "shell fragments to fly...this may hurt passengers in the car and there are risks to safety," China's General Administration of Quality Supervision, Inspection and Quarantine said, Reuters reports.
Separately, TheStreet Ratings team rates HONDA MOTOR CO LTD as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: