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Nissan Recalls 313,033 Serena Cars in Japan

Reuters
Monday, 31 Mar 2008 | 8:38 AM ET

Japan's Nissan Motor recalled on Monday 313,033 Serena mini-vans in Japan because of faulty oil feed pipes.

No accidents have been reported from the defect, Japan's third-biggest automaker said in a filing with the transport ministry.

Cars manufactured between 1999 and 2005 were affected, Nissan said.

Shares of Nissan, 44 percent owned by France's Renault, fell 2.8 percent on Monday to 824 yen, underperforming a 2.3 percent fall in the benchmark Nikkei average.

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