Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

GM Recalls Vehicles In China On Safety Concerns

RELATED NEWS
Trade GM now with 
3/8/2012 12:16 AM ET

Automaker General Motors Co. (GM: Quote, 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.

Click here to receive FREE breaking news email alerts for General Motors Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Design software maker Autodesk, Inc. (ADSK) Thursday reported a 30 percent decline in earnings from last year, hurt by lower revenue and weaker margins. The company's quarterly earnings per share, excluding items, came in below analysts' expectations as did its quarterly revenue. At the same time,... Struggling PC maker Dell Inc. said Thursday after the markets closed that its first quarter profit dropped 79% from last year, as revenue declined and margins deteriorated amid sluggish demand for personal computers. The company's quarterly earnings per share, excluding items, also came in way below analysts' expectations, but its quarterly revenue beat analysts' forecast. Cisco Systems, Inc., the world's largest computer networking gear maker, said Wednesday after the markets closed that its third quarter profit rose 14.5% from last year, helped by higher sales and a tax benefit. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.