General Motors Recalls 3,200 Vans on Gas Leak Concerns
General Motors Co. (GM) recently announced a recall of 3,200 vans which run on natural gas, according to media reports. The vehicles were recalled to fix a gas leak risk which may lead to fire.
General Motors and safety regulators with the National Highway Traffic Safety Administration said that the gas may leak to the atmosphere from the high-pressure regulator. However, there are no reports of fire, crashes or injuries related to this issue.
General Motors announced that its dealers will fix the vans for free. However, the unavailability of parts at dealership service departments will delay the repair.
General Motors provides various alternatives to the conventional gasoline vans such as the Chevrolet Express and GMC Savana of model years 2011--2014. Notably, the company has 3,196 such vans registered in the U.S. and another 13 in Canada.
Recently, General Motors’ Chinese joint venture with SAIC Motor Corp – Shanghai General Motors Co – announced a recall involving 38,328 Cadillac sedans in the nation. A fault has been detected in the brake control software of the recalled vehicles.
The Cadillac XTS vehicles being recalled have been manufactured in the Oct 2012–Jul 2014 period. A few drivers have complained of an acceleration problem in the vehicles owing to the faulty software.
General Motors currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks worth considering include Tesla Motors, Inc. (TSLA), Visteon Corporation (VC) and Fox Factory Holding Corp (FOXF). While Tesla and Visteon Corporation sport a Zacks Rank #1 (Strong Buy), Fox Factory carries a Zacks Rank #2 (Buy).
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