GM Stock Slides As Automaker Recalls 4 Million Vehicles Over Air-Bag Defect Linked To Death

General Motors is recalling around 4 million vehicles worldwide. According to AP, the recal is related to a software defect that means front air bags may not deploy and is linked to 1 death.

As NHTSA explains…

Potential Number of Units Affected: 3,640,162

 

SUMMARY:

General Motors LLC (GM) is recalling certain model year 2015-2017 Chevrolet Silverado 2500 HD, 3500 HD, Tahoe, Suburban, GMC Sierra 2500 HD and 3500 HD, GMC Yukon, GMC Yukon XL, Cadillac Escalade and Cadillac Escalade ESV vehicles and 2014-2017 Chevrolet Corvette, Silverado 1500, Trax, Caprice Police Pursuit Vehicle, GMC Sierra 1500, Buick Encore, and 2014-2016 Buick Lacrosse, Chevrolet Spark EV and SS vehicles. In the affected vehicles, certain driving conditions may cause the air bag sensing and diagnostic module (SDM) software to activate a diagnostic test.

 

During this test, deployment of the frontal air bags and the seat belt pretensioners would not occur in the event of a crash.

 

CONSEQUENCE:

A failure of the front air bags or seat belt pretensioners to deploy in the event of a crash necessitating deployment increases the risk of injury to the driver and front passenger.

 

REMEDY:

GM will notify owners, and dealers will reflash the SDM software. Vehicles that have had a previous air bag deployment will have the SDM replaced. These repairs will be performed free of charge. The manufacturer has not yet provided a notification schedule. Owners may contact Buick customer service at 1-800-521-7300, Cadillac customer service at 1-800-458-8006, Chevrolet customer service at 1-800-222-1020, or GMC customer service at 1-800-462-8782. GM's number for this recall is 16007.

For now it does not sem to be too earth shattering as GM was already sliding on the back of market weakness… Oddly huge volume spike at 1117ET…

via http://ift.tt/2bXW4Kj Tyler Durden

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