Gearbox Glitch Forces 384,000-Volkswagen Recall in China

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Volkswagen (NASDAQOTH: VLKAY  ) subsidiaries Volkswagen Group China, Volkswagen Group Import Co., FAW-Volkswagen, and Shanghai Volkswagen issued a recall of 384,181 vehicles equipped with the company's seven-speed double-clutch gearbox on Wednesday, warning that "in isolated cases, an electronic malfunction in the control unit or a lack of oil pressure inside the gearbox mechatronics may result in a power interruption."

Although the company rushes to clarify that "the most important vehicle systems, such as steering and braking, along with other relevant systems will not be affected" by such a malfunction, the car may lose power in traffic, and that's not a good thing.

According to Volkswagen, there are currently no new vehicles in dealer lots in China affected by the issue, so this recall should not hurt future sales.

Volkswagen is offering consumers a replacement of the affected parts with new gearbox mechatronics free of charge, and throwing in a software upgrade for free as well. Volkswagen plans to begin contacting owners to inform them of the recall on April 2.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2323887, ~/Articles/ArticleHandler.aspx, 9/25/2016 12:15:26 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 3:59 PM
VLKAY $28.94 Down -0.29 -0.98%
Volkswagen AG (ADR… CAPS Rating: **