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  4. General Motors Recalls 484,155 Vehicles for Faulty Seat Belts
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General Motors Recalls 484,155 Vehicles for Faulty Seat Belts

By Michael Elkins According to the National Highway Traffic Safety Administration (NHTSA) website, General Motors (NYSE:GM) is recalling nearly 485,000 vehicles equipped with third...
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General Motors Recalls 484,155 Vehicles for Faulty Seat Belts © Reuters General Motors (GM) Recalls 484,155 Vehicles for Faulty Seat Belts

By Michael Elkins

According to the National Highway Traffic Safety Administration (NHTSA) website, General Motors (NYSE:GM) is recalling nearly 485,000 vehicles equipped with third row seating.

According to the recall notice, these vehicles may suffer from a deformed rivet in the seat belt buckle assembly that may prevent the harness from operating properly, increasing the risk of injury during a crash.

The recall affects certain Cadillac Escalade, Escalade ESV, Chevrolet Suburban, Tahoe, GMC Yukon, and Yukon XL vehicles made between 2021 and 2022.

GM said that on May 14, a customer told a dealership about a faulty seatbelt assembly in a 2021 Suburban. A manager reported it to GM's safety program on May 18, and the company launched an investigation on May 31.

Operators at the seatbelt maker's plant "may have not properly followed manufacturing processes and inadvertently missed the rivet forming operation," GM said.

The company says it’s not aware of any crashes or injuries caused by the problem.

Owners concerned about their vehicles’ safety can bring their cars into their nearest General Motors location where dealers will inspect the rivet head formation on both the left and right side third-row seat belt buckle assemblies and replace seat belt buckle assemblies, as necessary, free of charge.

GM said it expects to send letters to vehicle owners in September.

GM is up 0.14% in mid-day trading Tuesday.

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    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
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SJC 99,99%7,370/ 7,470
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