GM Recalls 900 Vehicles Over Takata Air Bag Inflator Rupture: Report
Portfolio Pulse from Shivani Kumaresan
General Motors (GM) has issued a recall for approximately 900 older vehicles with Takata air bag inflators, following an airbag inflator rupture during a 2013 Chevrolet Camaro crash in Brazil. The recall includes 767 vehicles in the U.S., 101 in Canada, and 46 in other countries. Preliminary findings suggest a manufacturing defect as the cause of the rupture. GM shares are trading lower by 1.36% in premarket on Wednesday.
August 04, 2023 | 10:45 am
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GM's recall of 900 vehicles due to Takata air bag inflator rupture could potentially impact the company's reputation and financials, leading to a decrease in stock price.
The recall could lead to increased costs for GM, both in terms of the recall process itself and potential lawsuits. This, combined with potential damage to the company's reputation, could negatively impact the stock price.
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