Tesla recalls 53,000 vehicles over brake problems

Conor Coyle WebFG News | 21 Apr, 2017 13:04 | | |

elon-musk-affiche-sa-confiance-dans-tesla
  • 6,389.91
  • -0.07%-4.76
  • Max: 6,423.68
  • Min: 6,386.25
  • Volume: 0
  • MM 200 : n/a
22:30 14/12/17
  • 337.89
  • -0.34%-1.14
  • Max: 347.44
  • Min: 336.90
  • Volume: 5,785,692
  • MM 200 : n/a
22:10 14/12/17

US carmaker Tesla Motors has recalled 53,000 of its Model S and Model X vehicles after it found issues related to the cars’ braking systems.

Elon Musk's innovative car firm has said the decision was made on a voluntary basis and there was no reports of any accidents or injuries caused by the defect.

In a statement released by the company, it said that only around 2% of the recalled vehicles were known to be affected by the brake issue.

Elon Musk's innovative car firm has said the decision was made on a voluntary basis

"Tesla recently discovered a potential manufacturing issue with the electric parking brakes installed on certain Model S and Model X vehicles that could prevent the parking brake from releasing," the statement said.

"While less than 5% of the vehicles being recalled may be affected by this issue, we are recalling 53,000 vehicles total out of an abundance of caution," Tesla added. "Because of the design of the gear, it is difficult to tell exactly which vehicles are affected."

Tesla manufactured around 84,000 vehicles in the last year, with the 53,000 being recalled representing a significant majority of those. The company has said that the recall will include a routine replacement of the brake system.

"We are working closely with our supplier to obtain replacement parts. We are able to begin replacing parts immediately and will have sufficient parts for all affected vehicles by October 2017."

More news

21:54 Friday preview: EU council summit conclusion, SThree and Trinity Mirror updates

The conclusion of the EU Council summit will be the main focus for markets on Friday, with no FTSE 350 companies expected to report results.

21:23 Walt Disney to buy 21st Century Fox assets in $52.4bn deal, including Sky stake

Walt Disney has announced an agreement to buy the entertainment assets of 21st Century Fox in a deal worth around $52.4bn, including a 39% stake in UK broadcaster Sky.

21:20 Scotland introduces income tax raise for top earners

The Scottish government has announced it will increase the tax paid by the country’s highest earners, as it bids to raise extra money to fund wage increases in the public sector.

20:37 Europe close: Stocks slip as traders mull ECB's next move

Stocks finished lower, tracking a weak start to trading on Wall Street and on the back of a mixed batch of economic data out of China overnight and a tweak in monetary policy by the People's Bank of China - a timely reminder perhaps of the potential ripple effects of US policy decisions and vice-versa.

18:01 London close: Footsie lower as traders test Sterling upside

London stocks finished lower on Thursday as the Bank of England stood pat on monetary policy, as widely expected, but amid dovishness across the Pond and on the other side of the Channel which resulted in a stronger Sterling.

13:18 BoE expects gradual and limited policy tightening over medium-term

The Bank of England kept policy on hold by a unanimous vote as had been widely-anticipated given previous guidance for a very gradual pace of tightening over the medium-term.

13:13 China tweaks lending rates after Fed decision

China's central bank tweaked two of its policy rates in what some analysts said was a bid to relieve pressure on the country's currency.

13:04 Google trends reveal the most searched terms of 2017

Bitcoin, the increasingly popular cryptocurrency has dominated Google’s top searches this year.

13:16 ECB keeps all rates unchanged, confirms guidance on asset purchases

The European Central Bank has opted to keep all its main policy rates unchanged, with policy-makers reiterating that they expect to keep all their key rates as they are until well past the end of the ECB's net asset purchase programme.

12:53 Zotefoams investing £12m in Croydon facility

Cellular materials technology company Zotefoams announced that it will invest approximately £12m to increase capacity at its Croydon site.