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General Motors Recalls Corvettes Over Fire Risk, Shares Decline
General Motors Recalls Corvettes Over Fire Risk, Shares Decline
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BTCCSquare news:
General Motors shares dipped after the automaker announced a recall of over 23,500 Chevrolet Corvettes due to a fuel leak hazard. The National Highway Traffic Safety Administration identified risks of fuel spillage NEAR ignition sources, potentially leading to fires. Four incidents have been linked to the defect, prompting dealers to install protective shields.
The recall spans 2023-2025 Corvette models and includes 2026 Convertible/Coupe variants. This marks GM's latest quality setback following June's recall of 62,468 vehicles for separate issues. Market reaction reflects growing scrutiny of automotive safety standards amid recurring manufacturing flaws.
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