GM Recalls Nearly 22,000 Cadillac Lyriq Electric SUVs Due To Concerns About Loss Of Braking Ability
Portfolio Pulse from Anan Ashraf
General Motors (GM) is recalling nearly 22,000 Cadillac Lyriq electric SUVs due to a software defect that may cause a loss of braking ability. The recall affects model years 2023-2024 and will be addressed via a software update. No injuries or fatalities have been reported.

August 13, 2024 | 12:07 pm
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General Motors is recalling nearly 22,000 Cadillac Lyriq electric SUVs due to a software defect that may cause a loss of braking ability. The recall affects model years 2023-2024 and will be addressed via a software update. No injuries or fatalities have been reported.
The recall of nearly 22,000 Cadillac Lyriq SUVs due to a software defect that may cause a loss of braking ability is likely to negatively impact GM's stock price in the short term. The recall affects a significant number of vehicles and involves a critical safety issue, which could lead to negative investor sentiment. However, the fact that no injuries or fatalities have been reported and that the issue will be addressed via a software update may mitigate some of the negative impact.
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