General Motors Company
) is recalling 60,000 Chevy Malibu midsize cars from the U.S.,
Mexico and Canada. The automaker is recalling 44,000 Malibu to
fix a problem related to window defrosters and another 15,000
Chevy Malibu are being recalled to fix the power seat wiring.
General Motors is recalling 42,696 Malibu vehicles of 2014 model
year in the U.S., 1,034 in Canada and 676 in Mexico. The recall
is being undertaken as the company found that the computer which
controls the car's ventilation system may malfunction. If the
system fails to defrost, the unclear windshield will cause
difficulty in driving.
General Motors assured that it will reprogram the computer in the
recalled cars. However, the customers will not have to incur any
charges for this repair.
General Motors is also recalling 14,909 Malibus of model year
2013 in the U.S., 13 in Canada and 7 in Mexico. The vehicle
features optional power front seats. The friction between the
wiring harnesses in these seats and the seat frames can wear down
the insulation and result in fire.
General Motors said that it is aware of two unattended incidents
of fire due to this problem.
) recalled 2.64 million vehicles across the globe to fix certain
drive system and electronic problems. The company revealed that
the use of synthetic oil in the seven-speed dual-clutch DQ200
gearbox of certain cars and vans can result in electric
malfunctions in hot weather conditions. Volkswagen will be
replacing the synthetic oil with mineral oil in the gearboxes of
1.6 million cars and vans. Customers will not have to incur any
charges for this replacement.
Toyota Motor Corp.
) also recalled 33,000 cars, pickup trucks and commercial
vehicles globally to fix a problem related to the engine. The
vehicles being recalled include Land Cruiser Prado mid-size SUV
and several larger vehicles. While most of the recalls were made
in Japan, the automaker also recalled 4,000 four-cylinder Tacoma
pickup trucks of 2013 and 2014 base model in the U.S.
General Motors currently retains a Zacks Rank #2 (Buy).
Ford Motor Co.
), a Zacks Rank #1 (Strong Buy), is worth considering in the
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis
VOLKSWAGEN-ADR (VLKAY): Get Free Report
To read this article on Zacks.com click here.