Tuesday, January 18, 2011

General Motors (NYSE:GM) Expands Truck, SUV Axle Recall Again

In what is terrible timing for General Motors (NYSE:GM), not long after their successful return to the NYSE, they're again expanding their recall of trucks and SUVs which had been built with a faulty pin which could cause the rear axle to lock up.

It appeared the recall wasn't going to be much of an issue, just a blip on the company's radar, but GM consistently has been finding new vehicles they used the potentially faulty rear-axle cross pins in, and have been announcing since December, on a consistent basis, new vehicles which shouldn't be driven until the pins have been replaced.

Included in the recalls are Cadillac Escalade, Escalade ESV, Cadillac EXT, Chevrolet Avalanche, Colorado, Silverado, Suburban, Tahoe; and GMC Canyon, Sierra, Yukon and Yukon XL.

The first stage of the recall included only 1,262 trucks and SUVs, but has now expanded to 26,751 vehicles. New additions to the recall are the Chevrolet Colorado and GMC Canyon midsize trucks.

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