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Benzinga

Shivani Kumaresan

Volkswagon To Recall Hybrid Vehicles Citing Fire Risk: Reuters

Volkswagen VWAGY

Volkswagen AG (OTC:VWAGY) is expected to recall more than 100,000 plug-in hybrid vehicles globally on fire risk, Reuters reported.
Some 42,300 owners of Volkswagen Passats, Golfs, Tiguans, and Arteons worldwide will be notified, the report cited the company’s spokesperson.
The report noted a risk of fire in vehicles that connect a conventional combustion engine to an electric drive and are charged through a socket due to an insufficiently insulated high-voltage battery.
Price Action: VWAGY shares are trading lower by 3.71% at $24.90 on the last check Thursday.

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One subscription that gives you access to news from hundreds of sites

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