GM Recalls Over 62,000 Chevrolet Silverado HD Trucks for Fire Risk

General Motors Company (NYSE:GM) is one of the undervalued S&P 500 stocks to buy according to hedge funds. On June 26, it was publicly announced by the US National Highway Traffic Safety Administration/NHTSA that General Motors/GM is recalling 62,468 vehicles due to a fire risk originating from a faulty brake pressure sensor assembly. This recall affects certain Chevrolet Silverado 4500 HD, 5500 HD, and 6500 HD models from the 2019-2024 model years.

The defect comes from an unauthorized chemical used by the brake assembly supplier, which causes a part to degrade over time. The degradation can lead to brake fluid leaking into the brake pressure switch, resulting in an electrical short circuit. This can generate excessive heat and potentially cause an under-hood fire, even when the vehicle is turned off or unattended. GM notified the NHTSA about this issue in a memo on June 25.

A group of technicians in a garage, inspecting car parts and ensuring safety compliance.

Approximately 1% of the recalled vehicles are expected to have this specific defect. The affected vehicles include various model years and configurations of the Chevrolet Silverado HD series. Vehicles from before the 2019 model year are not affected due to a different design, nor are 2024 model year vehicles produced with a brake switch wire harness that includes a silicone sealant. GM informed its dealers about the recall on June 12. Owners of the affected vehicles will be notified via mail by July 28.

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.