General Motors Company (NYSE:GM) is one of the most undervalued NYSE stocks to buy now. In the first week of July, General Motors initiated a recall for over 42,000 Blazer EV vehicles from the 2024-2025 model years due to a potential issue with the rear parking brake wiring harness.
This harness may become damaged or corroded, which could lead to the unintended activation of the parking brake or a complete loss of its function. The recall specifically impacts Blazer EVs built before January 31 this year, when an updated wiring harness was introduced.
A group of technicians in a garage, inspecting car parts and ensuring safety compliance.
Owner notification letters are expected to be mailed starting on August 11 this year. The Blazer EV is one of GM’s best-selling electric vehicles, with sales of 6,187 units in Q1, representing a 931% year-over-year increase.
General Motors Company (NYSE:GM) designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.
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Disclosure: None. This article is originally published at Insider Monkey.