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General Motors Company : GM recalls nearly 22,000 pickup trucks in North America over seats

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10/09/2013 | 05:22pm CET

General Motors Co said on Wednesday it is recalling nearly 22,000 of its 2014 Chevrolet Silverado and GMC Sierra full-size pickup trucks because of a problem with their seats.

GM said that in the event of the trucks being struck from behind, the reclining seat backs might move more than allowed by safety regulators and not provide as much protection from injury as designed.

GM said it has gotten no reports of accidents or injury related to this possible defect.

Owners of the new trucks can have the seats inspected and if necessary repaired at GM dealers.

Of the total of 21,721 pickup trucks recalled, 18,972 are in the United States, 2,575 in Canada, 103 in Mexico and 71 outside North America, GM said.

(Reporting by Bernie Woodall; Editing by Gerald E. McCormick)

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Financials ($)
Sales 2016 163 090 M
EBIT 2016 11 553 M
Net income 2016 9 463 M
Finance 2016 8 048 M
Yield 2016 4,22%
P/E ratio 2016 6,02
P/E ratio 2017 6,37
EV / Sales 2016 0,28x
EV / Sales 2017 0,29x
Capitalization 53 977 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 36,0 $
Spread / Average Target 1,7%
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NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Charles K. Stevens Chief Financial Officer & Executive Vice President
Randall D. Mott Chief Information Officer & Senior Vice President
Kathryn V. Marinello Independent Director
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