GM Chevrolet Camaro Recall: Knee Bump Could Cause Power Loss

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Add another model to the growing list of General Motors (GM) vehicles being recalled by the largest U.S. automaker.

gm stockOn Friday, GM said it plans to recall 511,528 Camaro sports cars. GM indicated that the Camaro recall was due to the possibility that drivers may hit the key fob with their knees, unintentionally knocking the car out of the “run” position, Reuters notes.

Most of the vehicles affected by the Camaro recall were sold in North America. GM says that the key fob issue that prompted the Camaro recall is not related to the ignition switch defect that caused GM to recall millions of older models. GM is facing intense criticism from regulators and lawmakers over GM’s failure to disclose the ignition switch problems in older vehicles when it first learned of them.

According to GM, four minor injuries have been linked to three crashes associated with the problem behind the Camaro recall.

GM shares were flat in Friday morning trading. GM stock closed on Thursday at $35.53 per share.

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Article printed from InvestorPlace Media, https://investorplace.com/2014/06/gm-chevrolet-camaro-recall-knee-bump-cause-power-loss/.

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