GM Dealers Stop Selling Some Cruze Sedans with Takata Air Bags
General Motors Co. on Wednesday told its North American dealers not to sell an inventory of about 33,000 new and used Chevrolet Cruze sedans from model years 2013 and 2014 because of a potential problem with air bags made by troubled Japanese supplier Takata Corp.
Potentially faulty air bags supplied by Takata have led to the recall of about 10.5 million vehicles worldwide, many of them made by Toyota Motor Corp and Honda Motor Co.
GM said about 33,000 Cruze sedans "built with the suspect part supplied by Takata" are in dealer hands, most of them in the United States and Canada. The automaker has not recalled the 2013-2014 Cruze sedans in consumer hands and said it does not yet know whether there have been any crashes, injuries or deaths related to this issue.
GM said late on Wednesday that Chevrolet dealers will be able to start selling "most Cruzes" again on Thursday, outside the 33,000 with the potentially faulty part.
The Cruze is GM's top-selling car in North America. GM has built about half a million 2013-2014 model year Cruze sedans since October 2012.
For model year 2013, GM introduced a new Takata "smart" driver-side air bag on the Cruze which the automaker said helps reduce the risk of injury in crashes.
On Wednesday, GM said, "Certain vehicles may be equipped with a suspect driver's air bag inflator module that may have been assembled with an incorrect part."
Production of Cruze sedans continues at GM's plant in Lordstown, Ohio, a GM spokesman said.
In a separate action involving Takata air bags, GM in May expanded an earlier recall of the 2012 Cruze and several other models because air bags might not deploy in crashes because of an electrical problem. The expanded recall covered 38,636 cars, all from model year 2012, including the Buick Verano, the Chevrolet Sonic and the Chevrolet Camaro.
The new stop-sales order on the Cruze follows a series of safety-related problems that have plagued GM since early this year, many of them because of air bag-related issues.
So far this year, GM has issued 44 recalls covering about 20 million vehicles globally. Among those recalls is one for older model Chevrolet Cobalt and other GM small cars with faulty ignition switches, which have been linked to the deaths of at least 13 people.
The stop-sales order for Cruze was first reported by Automotive News.
Copyright: Thomson Reuters 2014
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.