logo
Share SHARE
FONT-SIZE Plus   Neg

GM Recalls Vehicles In China On Safety Concerns

Automaker General Motors Co. (GM, GM.TO) is recalling 18,204 imported sport utility vehicles in China due to their anti-lock breaking systems that may cause a safety hazard, according to statement on the website of the nation's General Administration of Quality Supervision, Inspection and Quarantine.

The recall affects 16,618 Chevrolet Captiva vehicles and 1,586 Opel Antara vehicles built between April 11, 2006 and November 9, 2009.

The anti-lock breaking systems of these vehicles may have difficulty in functioning normally due to brake fluid impurities, the statement added.

GM closed on Wednesday at $24.88, up $0.30 from the previous close, on 6.89 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Wal-Mart Stores Inc., the world's largest retailer, reported a decline in second-quarter profit with a significant charge. Adjusted earnings topped analysts' estimates with higher comparable sales. Looking ahead, for the third quarter, the company projects earnings in line or below market view. The company also issued earnings forecast for fiscal 2018. The development of Alzheimer's drugs has been marred by a high failure rate. A U.S. study, which analyzed how the Alzheimer's clinical trials fared during the period of 2002 to 2012, revealed a failure rate of 99.6% compared to a failure rate of 81% for cancer drugs. Apple Inc. plans to invest roughly $1 billion to procure and produce original content over the next year, The Wall Street Journal reported, citing people familiar with the matter. The planned investment in Hollywood reportedly could result in as many as 10 new shows.
comments powered by Disqus
Follow RTT