GM Vs. Ford: Which Company Has The Highest Recalls This Year?

• Ford’s recalls this year cumulatively potentially affected about 8 million vehicles.
• In comparison, GM issued 10 recalls, affecting about 350,000 vehicles cumulatively.
• GM’s recent recall includes model year 2023-2025 Chevrolet Malibu vehicles.

Automaker General Motors (GM) is recalling 271,770 vehicles in the U.S. over concerns that their rearview camera screens may display a distorted or blank image, the National Highway Traffic Safety Administration said on Wednesday.

Meanwhile, GM’s rival Ford (F) still ranks ahead in terms of recalls issued this year in the country.

GM’s Latest Recall

GM’s recent recall includes model year 2023-2025 Chevrolet Malibu vehicles. A rearview image that does not display correctly reduces the driver's view behind the vehicle, increasing the risk of a crash, the NHTSA noted.

As for a solution, dealers will replace the rearview camera free of charge to consumers, according to a filing with the U.S. auto safety regulator.

Ford Vs. GM

According to data from the NHTSA, the agency has received 10 recall reports from General Motors this year, compared to 28 reports from Ford. Ford’s recalls this year cumulatively potentially affected about 8 million vehicles. In February, the company recalled over 4 million vehicles over a software issue.

In comparison, GM issued 10 recalls, affecting about 350,000 vehicles cumulatively.

In an earnings call in October, Ford chief operating officer Kumar Galhotra said that the company has radically improved launch quality over the past two years in a bid to reduce recalls and is conducting rigorous engineering reviews to find and fix issues.

“It takes time for these improvements to improve our recall numbers, as older models have to work their way out of the system. We're already seeing our recall costs shift towards more aged vehicles. Since the peak recall period is in years three to five, we expect a meaningful improvement soon,” he said.

How Did Retail Traders React?

On Stocktwits, retail sentiment around GM stock stayed within the ‘neutral’ territory over the past 24 hours, while message volume stayed within ‘high’ levels.

Meanwhile, sentiment around F stock improved from ‘bearish’ to ‘neutral’ territory over the past 24 hours while message volume remained in ‘normal’ territory.

GM stock has gained 81% over the past 12 months, compared to F’s 40% rally. 

Read More: ASRT Stock Drops After-Hours On Discounted Buyout Deal

For updates and corrections, email newsroom[at]stocktwits[dot]com.