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Volvo makes the biggest recall in its history

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 settembre 2020
More than 2 million cars recalled due to seat belts effectiveness.

If, in the first half of June, Ford recalled approximately 2.5 million cars due to some presumably faulty door latches, today, Volvo announced that it recalls roughly 2.1 million vehicles worldwide. It is a preventive measure as the company discovered that a steel wire connected to the front seat belts could be loose.   

The recalls aim at vehicles made between 2006 and 2019, which will be repaired at any Volvo retailer free of charge. Still, until now, the company didn’t have any incidents related to the issue. 

It is not the first recall that Volvo ever made, but it is the biggest ever for the brand. In 2019, 5,200 cars were recalled in Ireland due to a fire risk.

Since Volvo Cars was purchased from Ford by Geely in 2010, the company has been continuously focusing on safety for its passengers and environment, and as rumor has it, on the improvement of its image. Seven years after the acquisition, in 2017, it announced that starting from 2019, it will launch only fully electric or hybrid models as is preparing for "an era beyond the internal combustion engine." Moreover, it received the Better Plants Better Practice Award from the US Department of Energy for its efforts to prevent and reduce waste at several American facilities.

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Sources: markets.businessinsider.com, reuters.com, rte.ie


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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.