Wednesday December 11, 2019
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Honda recalls 2.23 lakh cars over faulty airbag inflators

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Chennai: Honda Cars India Ltd announced on Friday that it was recalling around 2.23 lakh cars rolled out between 2003 and 2012 to replace faulty airbag inflators in its various models.

Honda has recalled its models Civic, City, CR-V and Jazz.

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www.thehindu.com

The recall is part of the company’s Japanese parent Honda’s global initiative.

The replacement will be done free of cost at its dealer points, the company said.

(IANS)

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World’s Costliest Parking Space at Hong Kong Sold for almost $1 mn

The sale price, in a city where nearly one in five residents lived below the government-defined poverty line in 2017

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Parking
At 134.5 square feet, the cost of the Parking space breaks down to $7,209 ($56,505 HK) per square foot, which is three times the median price of a Hong Kong house. Pixabay

At the 73-story Hong Kong skyscraper “Center”, a pricey parking space reserved for executives and tenants was recently sold for an eye-popping $969,000 ($7.6 million in HK dollars), the media has reported.

Johnny Cheung Shun-yee, one of the 10 investors in the consortium that paid $5.15 billion last year for “The Center”, told that he had sold the last of his four car parks in the tower to someone who owns an office in the same building because “the buyer now needs a car park lot,” declining to identify the buyer, according to South China Morning Post.

Parking
At the 73-story Hong Kong skyscraper “Center”, a pricey Parking space reserved for executives and tenants was recently sold for an eye-popping $969,000. Pixabay

At 134.5 square feet, the cost of the parking space breaks down to $7,209 ($56,505 HK) per square foot, which is three times the median price of a Hong Kong house.

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The sale price, in a city where nearly one in five residents lived below the government-defined poverty line in 2017, underscores the wealth gap that has pushed Hong Kong into the worst political crisis in decades, the SCMP report added. (IANS)

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