Pickup Recall: Bad News for GM, Good News for Ford
General Motors (NYSE:GM) announced Wednesday that it’s recalling almost 22,000 of its 2014 Chevrolet Silverado and GMC Sierra pickup trucks due to a seat malfunction that may put passengers at risk during a collision, according to a press release seen by Reuters.
The company said that in the event of a collision, the seat backs may move more than they should according to regulations and increase the risk of injury, although no accidents or injuries from the defect have been reported. Owners of the recalled vehicles can take their pickups to a GM dealership and have the defect repaired.
General Motors has already been struggling to keep its lead on No. 2 U.S. automaker Ford (NYSE:F), and the truck recall will only reduce confidence in the 2015 models of the pickups that GM has been pushing. Even though the redesigned 2015 pickups have better gas mileage, the Silverado and Sierra haven’t been able to keep up with competition from Ford’s popular F-Series trucks. In September, GM sold 32,506 Chevy Silverados, an 11 percent drop from September 2012. Ford sold 60,456 of its F-Series trucks in the same month.