GM announced this morning that it is recalling all current generation Chevrolet Camaros, more than 500,000 vehicles, because of a possible loss of power.
In addition, General Motors announced two other safety recalls and one non-compliance recall totaling upwards of 65,000 cars.
The company’s shares are down 0.5%.
Here is an excerpt from GM’s official statement:
General Motors will recall all current generation Chevrolet Camaros because a driver’s knee can bump the key FOB and cause the key to inadvertently move out of the “run” position, with a corresponding reduction or loss of power.
The issue, which may primarily affect drivers sitting close to the steering column, was discovered by GM during internal testing following the ignition switch recall earlier this year.
“Discovering and acting on this issue quickly is an example of the new norm for product safety at GM,” said Jeff Boyer, vice president of GM Global Safety.
The Camaro ignition system meets all GM engineering specifications and is unrelated to the ignition system used in Chevrolet Cobalts and other small cars included in the ignition switch recall.
GM is aware of three crashes that resulted in four minor injuries that it believes may be attributed to this condition.