Honda Motor announced Wednesday a massive worldwide recall of 561,594 vehicles. The affected models are the Odyssey minivan, CR-V crossover and Step Wagon. Over 480,000 of the vehicles are in Japan, with the majority of overseas recalls covering Odyssey minivans sold in North America.

The recall will fix a faulty ignition switch that can cause the engine to shut down.

Honda's budget for the recall and repairs? A cool $23.7 million.

[Source: Reuters]

(Thanks to everyone for the tips)

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