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News  ›  The Motley Fool

Horrible News! GM's Best-Selling Equinox EV Just Got Recalled

The Motley Fool Logo The Motley Fool By Rich Smith
Horrible News! GM's Best-Selling Equinox EV Just Got Recalled

General Motors is recalling 22,914 Cadillac Optiq and Chevrolet Equinox EV vehicles due to potential tire tread detachment issues with Continental AG tires, which could impact EV sales momentum after the expiration of federal tax credits.

Insights
AHH   positive

Successfully leased office space at a higher rental rate, maintaining high portfolio occupancy and demonstrating strong market demand


GM   negative

Recall affects 76% of Q3 EV sales, potential sales slowdown after tax credit expiration, and potential temporary market confidence impact