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Benzinga
Benzinga
Business
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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