Tag

Truck Recall

All articles tagged with #truck recall

automotive1 year ago•0 min saved

"GM Recalls 820,000 Trucks in North America for Faulty Tailgates"

General Motors has expanded its recall of trucks in the U.S. and Canada to 820,000 vehicles due to a faulty tailgate that may unlatch from water intrusion. The affected models include 2020-2024 Chevy Silverados and GMC Sierras, with approximately 249,000 vehicles affected in Canada. GM has not received reports of major injuries or property damage, and only 1% of the recalled vehicles are estimated to have the defect. Dealers have been instructed to replace the exterior touchpad switch assemblies to address the issue.

via NBC News|

#automotive #faulty-tailgate #general-motors

business2 years ago•7 min saved

Nikola Stock Faces Class Action Lawsuit and Investor Concerns

Nikola Corporation, the zero-emission transportation start-up, has continued to dilute its shares by aggressively selling new shares and issuing convertible notes to raise capital. The company's outstanding shares have increased from 779.5 million to 985.2 million within a month, with the majority of the surge caused by the conversion of convertible notes. Nikola has also announced a recall of over 200 of its battery electric trucks due to safety concerns, which is expected to result in significant expenses. The company's stock price is likely to remain under pressure due to ongoing dilution and the potential for another guidance revision. Investors are advised to consider selling existing positions.

via Seeking Alpha|

#business #convertible-notes #dilution

business2 years ago•1 min saved

Ford recalls over 300,000 trucks

Ford is recalling over 310,000 trucks in the US due to a potential issue with the driver's front airbag not inflating during a crash. The recall affects certain F-250, F-350, F-450, and F-550 Super Duty trucks from the 2016 model year. The problem is caused by dust accumulation in a cable inside the steering wheel, which interrupts the electrical connection. Ford is not aware of any crashes or injuries caused by the issue, and dealers will replace the steering wheel wiring assembly at no cost to owners.

via WJW FOX 8 News Cleveland|

#airbag #business #electrical-connection