GM Recalls 119,000 Trucks, SUVs

By Paul Ausick Updated Apr 27, 10:16PM EDT · Published Dec 21, 12:56PM EST

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General Motors Co. (NYSE: GM) has notified the National Highway Traffic Safety Administration that the company is recalling 119,000 Chevy Colorado and GMC Canyon vehicles built in model years 2010 to 2012. The company said that the vehicles may have been assembled without the required secondary hood latch.

A secondary latch may be required to keep the hood closed in the event that the first latch fails to prevent the hood from flying open unexpectedly. GM said its first notice of the missing latch came in late September this year. The company did not report any accidents related to the missing latch.

Customers will get a letter from GM in mid-January with instructions on how to inspect the hood to determine if the latch is missing, or they will be able to take it to a dealer for inspection. If the latch is missing, GM will replace the vehicle’s hood.

As these things go, this is more an annoyance than a crisis. GM stock is off about 0.6% today, at $27.17 in a 52-week range of $18.72 to $27.91.

Paul Ausick

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.