General Motors Recalling 15,000 Buick LaCrosse, Chevy Impala

- General Motors Recalling 15,000 Buick LaCrosse, Chevy Impala



Aug 12, 2011

The Detroit News reported that General Motors (NYSE:GM) is set to recall about 15,000 new Buick LaCrosse and Chevy Impala models in North America.

The recalls will reprogram software in some LaCrosse vehicles and inspect power steering hoses in Impalas.

General Motors (NYSE:GM) has a potential upside of 64.4% based on a current price of $26.3 and an average consensus analyst price target of $43.25.

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Chrysler and Dodge Recalls 300,00 Minivans

- Chrysler and Dodge Recalls 300,00 Minivans



Aug 5, 2011

Chrysler has recalled just under 300,000 2008 Dodge Caravan, Chrysler Grand Voyager, and Chrysler Town and Country minivans due to air bags that inadvertently deploy, according to Consumer Reports.

The car company announced the leak in the air conditioning and heating system may cause the occupant restraint control module to fail, which could lead to an air bag deployment without warning or illumination of the air bag warning light.

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Ford To Recall 1.1 Million Trucks

- Ford To Recall 1.1 Million Trucks



Aug 1, 2011

Ford Motor Co.(NYSE:F) announced that it is recalling 1.1 million pickup trucks because the gas tanks can fall off and start a fire.

The company is recalling specific Ford F-150, F-250 and Lincoln Blackwood pickups. The recall affects certain models from the 1997 model year through the 2004 model year. They were sold in cold-weather states that use salt to clear roads. That salt can decay the straps holding the tanks in place.

The National Highway Traffic Safety Administration reported Monday on its website that the straps holding up the tanks can rust, causing them to fall to the ground. The tanks can then rupture and start a fire.

Ford reported eight separate incidents, resulting in three injuries.

Ford's F-Series pickup is traditionally the top selling vehicle in the U.S.

Ford Motor has a potential upside of 61.1% based on a current price of $12.36 and an average consensus analyst price target of $19.91.

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Toyota Recalling 106,000 Prius 2001 - '03 Models to Replace Steering Wheel Nuts

- Toyota Recalling 106,000 Prius 2001 - '03 Models to Replace Steering Wheel Nuts



Jun 1, 2011

Toyota Motor (NYSE:TM) announced today that it is conducting a voluntary recall of 106,000 Toyota Prii made from 2001 to 2003 globally, to replace nuts that hold the steering wheel in place that may come loose.

According to the company's statement, "If the steering wheel is repeatedly and strongly turned to the full-lock position, there is a possibility the nuts securing the pinion shaft of the steering gear box assembly may become loose."

Toyota dealers will install improved nuts at no charge to the owner. Notification letters will begin being sent in early July 2011, and the repair will take approximately four hours, depending on the dealer's schedule.

The recall includes 52,000 vehicles sold in the United States from the 2001 - 2003 period.

Shares of Toyota Motor are trading down 0.7% at $82.71.

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