Porsche Recalls Nearly 5,000 Taycan EVs For Fire Risk, Following Volkswagen's Recall Of Audi EVs
Portfolio Pulse from Anan Ashraf
Porsche, owned by Volkswagen AG (OTC:VWAGY), is recalling nearly 5,000 of its fully electric Taycan vehicles due to increased risks of fire. The recall follows the identification of an insufficient amount of sealant on the battery, which can lead to liquid accumulation and increase the risk of fire. This recall comes after Volkswagen also recalled certain 2023 Audi RS E-Tron GT and E-Tron GT vehicles citing the same concerns.
September 12, 2023 | 4:09 am
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Volkswagen AG, the parent company of Porsche, may face reputational damage and financial costs due to the recall of nearly 5,000 Taycan vehicles. This follows a similar recall of certain Audi vehicles, indicating a potential issue with the company's electric vehicle technology.
The recall of a significant number of vehicles due to a fire risk is a serious issue that can damage the company's reputation and result in financial costs related to the recall process. Additionally, this could potentially impact the company's sales if consumers lose confidence in the safety of their electric vehicles.
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