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GM recalling 820,000 pickup trucks over tailgate issue
Automotive expert Lauren Fix joins ‘Cavuto: Coast to Coast’ to weigh in on Ford’s decision to offer EV owners free Tesla Superchargers until July.
General Motors is recalling about 820,000 pickups in North America because tailgates could unlatch and open unexpectedly.
The recall covers certain 2020-2024 model year Chevrolet Silverado 2500, 3500, and GMC Sierra 2500 and 3500 vehicles that have power unlatching tailgates. The recall covers about 570,000 trucks in the U.S. and 250,000 in Canada – making it GM’s largest U.S. recall of the year and one of the largest recalls filed in 2024 to date.
The issue arises when the affected pickup trucks are parked if water has leaked into the area where the tailgate’s electronic gate-release switch is located. The electronic switch may short circuit due to the water intrusion, which can result in the tailgate unlatching.
An unlatched tailgate may open while driving and result in the loss of unsecured cargo in the truck bed, which can create a road hazard and increase the risk of a crash.
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About 820,000 Chevrolet and GMC pickup trucks are covered by the recall. (Photographer: David Paul Morris/Bloomberg via Getty Images / Getty Images)
The recall notice advises that owners of covered vehicles should check that the tailgate is closed and latched before driving.
To fix the issue, Chevrolet and GMC dealers will replace the exterior touchpad switch assemblies with a new material that’s more resistant to water intrusion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GM | GENERAL MOTORS CO. | 40.98 | +0.02 | +0.05% |
Although this remedy is currently unavailable, dealers will replace the parts at no cost to the customer once a sufficient amount of parts are available for repairs to begin on affected pickup trucks.
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The recall looks to fix an issue that causes tailgates on certain newer Chevy Silverado and GMC Sierra to unlatch unexpectedly, potentially causing the tailgate to open without warning. (Photo by Joshua Lott/Getty Images / Getty Images)
Vehicles that are in inventory and owners seeking an interim fix may have the part disabled until the replacement parts are available.
The automaker is planning to send notification letters to owners of vehicles covered by the recall on March 18.
“The safety and satisfaction of our customers are among the highest priorities for the entire GM team, and we’re working to quickly remedy this matter,” GM told FOX Business in a statement.
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The company began investigating this issue in November after it received 136 complaints about tailgates opening in unwanted situations.
Reuters contributed to this report.
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As we look ahead to 2024, many homeowners and prospective buyers are wondering what to expect when it comes to mortgage rates. The landscape of the housing market is constantly changing, so it’s important to stay informed about trends and predictions. In this blog post, we will discuss some factors that could impact mortgage rates in 2024 and what homeowners and buyers can expect.
One factor that could impact mortgage rates in 2024 is the overall state of the economy. If the economy is strong and growing, we may see higher mortgage rates as the Federal Reserve looks to combat inflation. On the other hand, if the economy is stagnant or in a recession, we may see lower mortgage rates as the Fed looks to stimulate growth. It’s important to keep an eye on economic indicators such as GDP growth, unemployment rates, and inflation to get a sense of where mortgage rates may be heading.
Another factor that could impact mortgage rates in 2024 is Federal Reserve policy. The Fed plays a key role in setting interest rates, and their decisions can have a ripple effect on mortgage rates. If the Fed decides to raise interest rates in response to inflation, we may see an increase in mortgage rates. Conversely, if the Fed decides to lower interest rates to stimulate growth, we may see a decrease in mortgage rates. Keeping up with the latest news and announcements from the Fed can give homeowners and buyers a sense of where mortgage rates may be heading.
In terms of specific cities and local mortgage companies, it’s important to note that mortgage rates can vary depending on location and lender. For example, in a city like New York City, where real estate prices are high, mortgage rates may be higher compared to a city like Indianapolis, where real estate prices are lower. Additionally, local mortgage companies may offer competitive rates and terms compared to national lenders. For example, in New York City, local lenders like Quontic Bank and CrossCountry Mortgage may offer specialized products and services tailored to the needs of local buyers.
It’s important for homeowners and buyers to shop around and compare rates from multiple lenders to ensure they are getting the best deal. Websites like Bankrate and LendingTree can be helpful resources for comparing rates and terms from multiple lenders. Homeowners and buyers should also consider working with a mortgage broker who can help them navigate the lending process and find the best mortgage product for their needs.
In conclusion, predicting mortgage rates in 2024 is not an exact science, but there are several factors that could impact rates. By staying informed about economic indicators, Federal Reserve policy, and local market trends, homeowners and buyers can make informed decisions about their mortgage. Shopping around and comparing rates from multiple lenders is key to ensuring you are getting the best deal on your mortgage. Whether you’re looking to refinance your existing mortgage or buy a new home, it’s important to stay informed and be proactive in managing your mortgage.
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