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.
Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.