General Motors (GM) Recalls 484,155 Vehicles for Faulty Seat Belts
Get Alerts GM Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: -0.3%
Join SI Premium – FREE
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 effects certain Cadillac Escalade, Escalade ESV, Chevrolet Suburban, Tahoe, GMC Yukon, and Yukon XL vehicles mad 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.
By Michael Elkins | [email protected]
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- A.O. Smith executive chairman to retire, CEO to assume chairman role
- Guardian Pharmacy names new COO and CFO, effective July 2026
- ZenaTech raises Plurilock Security stake to 12% with new share purchase
Create E-mail Alert Related Categories
Corporate News, Hot List, Management CommentsRelated Entities
Michael ElkinsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share