{"id":30703,"date":"2014-09-09T10:02:39","date_gmt":"2014-09-09T14:02:39","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=30703"},"modified":"2014-09-09T10:02:39","modified_gmt":"2014-09-09T14:02:39","slug":"general-motors-company-nysegms-jv-in-china-recalled-38328-cadillacs-for-brake-software-issue","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/general-motors-company-nysegms-jv-in-china-recalled-38328-cadillacs-for-brake-software-issue-30703","title":{"rendered":"General Motors Company (NYSE:GM)\u2019S JV In China Recalled 38,328 Cadillacs For Brake Software Issue"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/09\/2014 (wallstreetpr) \u2013 <strong>General Motors Company (NYSE:GM)<\/strong> recently made an announcement that its primary Chinese business, Shanghai General Motors Co, shall recall 38,328 Cadillac sedans in country. Because of malfunctioning brake-control software, <a href=\"http:\/\/finance.yahoo.com\/news\/gms-china-jv-recalls-38-040904523.html\" target=\"_blank\"><strong>the recall<\/strong><\/a> is being carried out in China.<\/p>\n<p style=\"text-align: justify;\"><strong>Official Statement<\/strong><\/p>\n<p style=\"text-align: justify;\">In an official statement issued on the website, the General Administration of Quality Supervision, Inspection and Quarantine in China said that Shanghai General Motors Co has already kicked off the process of recalling a few Cadillac XTS cars manufactured from October 2012 to July 2014. This step has been taken to make modifications to prospective risks that may arise for the driver.<\/p>\n<p style=\"text-align: justify;\">The Chinese watchdog, while explaining the reason for the recall, also said that in case the issue is left unattended or is not paid heed carefully, then, in case of very extreme situations, this may also result the Cadillac XTS car to not even accelerate as expected.<\/p>\n<p style=\"text-align: justify;\"><strong>China Stringent on Consumer Safety<\/strong><\/p>\n<p style=\"text-align: justify;\">The fact that various carmakers in China recalled 5.3 million vehicles in 2013 is a proof good enough to explain how stringent Chinese regulators are regarding consumer safety and protection. It is important to note that this was the record recall of vehicles in the previous year, as China is taking up efforts to safeguard consumers, very diligently.<\/p>\n<p style=\"text-align: justify;\">General Motors Company (NYSE:GM)\u00a0has recalled these vehicles a few days after <strong>Ford Motor Company (NYSE:F)<\/strong> also issued a notice for recalling 191,770 Ford Focus. These cars were recalled in China because of fuel leak risks.<\/p>\n<p style=\"text-align: justify;\">GM it seems, is not ready to take any risks now; especially after the CEO, <em>Mary Barra<\/em> believes that change has begun already and is about to finish off. Even though the recalls are common for an auto-maker, but for GM, the word \u201crecall,\u201d is something that still haunts it.\u00a0General Motors Company (NYSE:GM) recalled historic 2.6 million vehicles earlier, in association with faulty ignition switches that attracted federal agencies as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/09\/2014 (wallstreetpr) \u2013 General Motors Company (NYSE:GM) recently made an announcement that its primary Chinese business, Shanghai General Motors Co, shall recall 38,328 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":15642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2018,2236],"tags":[1778,1700,7977,629,632],"stock_ticker":[],"class_list":["post-30703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","category-business","tag-ford-motor-company-nysef","tag-general-motors-company-nysegm","tag-mary-barra","tag-nysef","tag-nysegm","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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