Volkswagon To Recall Hybrid Vehicles Citing Fire Risk: Reuters

by Shivani Kumaresan, Benzinga Staff Writer

March 31, 2022 3:12 PM | 1 min read |

Volkswagen AG VWAGY is expected to recall more than 100,000 plug-in hybrid vehicles globally on fire risk, Reuters reported.
Some 42,300 owners of Volkswagen Passats, Golfs, Tiguans, and Arteons worldwide will be notified, the report cited the company’s spokesperson.
The report noted a risk of fire in vehicles that connect a conventional combustion engine to an electric drive and are charged through a socket due to an insufficiently insulated high-voltage battery.
Price Action: VWAGY shares are trading lower by 3.71% at $24.90 on the last check Thursday.