21 Apr, 2017
Tesla recalls 53,000 cars over faulty brakes
Tesla shares closed down 1% at $302.51 after news spread that the American automaker issued a voluntary global recall of nearly two-thirds of all vehicles it manufactured last year.
Its Model S and X vehicles built between February and October of last year were called back over issues with its electric parking brakes that could have been manufactured improperly by a Tesla supplier.
Out of roughly 53,000 vehicles that have been recalled, only about 2% are thought to be affected. In a statement, Tesla said: "While less than 5pc of the vehicles being recalled may be affected by this issue, we are recalling 53,000 vehicles total out of an abundance of caution.
"Because of the design of the gear, it is difficult to tell exactly which vehicles are affected". The company said that if the faulty gear were to break, the parking brake would continue to keep the car from moving, but the parking brake would be stuck in place.
However, Tesla also said that as of yet there have reports of any incidents or injuries as a result of the faulty brake issue. The faulty gear was supplied by a unit of Italy's Brembo, a spokeswoman for Brembo North America confirmed. "We are working with Tesla to ensure the issue is resolved quickly", she said.
The large-scale recall accounts for roughly two-thirds (63%) of the roughly 84,000 vehicles manufactured by Tesla in 2016 and comes at a time.
Overall, car makers recalled more than 53m vehicles in the US in 2016, making it the third-straight year of record vehicle callbacks.
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