All owners of 2008 Honda Elements are being asked to stop driving their cars until they have had them inspected at their local Honda dealer. According to a recall issued by the National Highway Traffic Safety Administration, the front bushing bracket of the left trailing arm of the rear suspension may have been improperly welded. If it fails, it could separate from the trailing arm causing the suspension to release part of the wheel hub, thus leading to a loss of control or crash. Although only 241 Elements are potentially affected (there are specific VIN number ranges during certain production dates), Honda is notifying all owners immediately and will inspect and replace defective parts at no charge. Rather than taking a risk, err on the side of safety and call your Honda dealer if you've got the keys to a 2008 Element in your pocket.
UPDATE: According to Honda spokesman Chris Martin all the affected owners were already notified before this story was published. Approximately half of the affected vehicles were unsold and sitting on dealer lots. Those have already been repaired. If you haven't already heard from Honda than you should be fine.