GM Issues Recalls Over Bolts, Airbags

by Christopher Freeburn | February 1, 2013 9:25 am

General Motors1 300x199 GM Issues Recalls Over Bolts, Airbags[1]A problem with suspension system bolts has led General Motors (NYSE:GM[2]) to recall thousands of its popular Chevrolet Malibu cars[3] even as the automaker expands a previously announced recall over malfunctioning airbags.

The new recall affects 8,519 Malibus from the 2013 model year. The bolts in the cars’ suspension systems were not properly tightened and could loosen further during driving, potentially leading to a loss of control and accidents, USA Today noted.

GM informed the National Highway Traffic Safety Administration of the recall. Owners will be notified and can bring their vehicles to GM dealerships for bolt inspections. Proper tightening will be done without charge, if necessary.

Despite the recall, GM shares rose fractionally in pre-market trading on Friday.

The company is also expanding a previous recall of 2012, Chevrolet Cruze, Chevrolet Sonic and Buick Verano models to include the Chevrolet Camaro. That recall concerns potentially defective airbags.

GM’s latest recall is just one of several from major automakers:

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/05/General-Motors1.jpg
  2. GM: http://studio-5.financialcontent.com/investplace/quote?Symbol=GM
  3. recall thousands of its popular Chevrolet Malibu cars: http://www.usatoday.com/story/money/cars/driveon/2013/01/31/2013-chevy-malibu-recall-bolts/1880751/
  4. TM: http://studio-5.financialcontent.com/investplace/quote?Symbol=TM
  5. for malfunctioning airbags and windshield wipers: http://investorplace.com/2013/01/toyota-recalls-more-than-1m-cars-for-air-bag-wiper-defects/?cc=msnfeed
  6. due to power steering issues: http://investorplace.com/2012/12/bmw-recalls-suvs-over-steering-defect/
  7. F: http://studio-5.financialcontent.com/investplace/quote?Symbol=F
  8. over reports of engine overheating and fires: http://investorplace.com/2012/12/engine-fire-risk-prompts-ford-fusion-escape-recall/
  9. over defective steering systems and water pumps: http://investorplace.com/2012/11/toyota-to-recall-nearly-3-million-cars/
  10. FIATY: http://studio-5.financialcontent.com/investplace/quote?Symbol=FIATY
  11. due to defective airbags: http://investorplace.com/2012/11/jeep-recalls-more-than-900000-vehicles/

Source URL: http://investorplace.com/2013/02/gm-issues-recalls-over-bolts-airbags/
Short URL: http://invstplc.com/1ftntRs