General Motors Co. (NYSE: GM) has initiated a recall on nearly 800,000 model year 2014 Chevrolet Silverado 1500 and GMC Sierra 1500 pickup trucks to repair a defect that may cause a temporary loss of electric power steering assist followed by a sudden return of power, especially during a low-speed turn. About 690,000 of the trucks were sold in North America and the rest we sold internationally.
The repair involves a reflash of the power steering module software, and the company said it will reimburse owners who paid for the repairs. Vehicles produced after September 11, 2017, will have the proper software installed.
GM did not report any accidents or injuries related to the defect. The company estimates that 2% of the recalled vehicles will have been affected by the defect.
GM will notify vehicle owners of the recall program but has not provided a notification date. The repair will be made free of charge to owners.
The company issued a stop-shipment notice to dealers on June 29.
24/7 Wall St.Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
