Volvo Cars recalls over 400,000 US vehicles over rearview camera issue, NHTSA says
(Reuters) -Swedish automaker Volvo Cars is recalling 413,151 vehicles in the United States over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said.
The recall applies to a number of Volvo models including the 2021 to 2025 XC40, as the rearview camera image may not display when the vehicle is placed in reverse, increasing the risk of a crash. The remedy for the Volvo recall will be a software update conducted by a dealer or via over-the-air.
The Volvo recall comes a week after peer and Swedish electric vehicle maker Polestar recalled over 27,000 Polestar 2 vehicles in the U.S. due to a similar issue.
The Polestar 2, which is currently not available for orders in the U.S., was built on the same platform as some of Volvo's cars, stemming from a partnership between the automakers.
Volvo Cars on Wednesday also said it would cut 5% of the workforce at its Charleston plant in South Carolina in the U.S.
The company last month announced a restructuring of its American operations and a withdrawal of its earnings forecast due a hit from tariffs.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber)
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Atlantic
43 minutes ago
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Musk and Trump Still Agree on One Thing
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2 hours ago
New disputes emerge ahead of US-China trade talks in London
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Indianapolis Star
2 hours ago
- Indianapolis Star
What does the end of the penny mean? Here's what experts are saying
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'So, it's really not clear how much cost savings the government will realize by eliminating the penny," he added. One of the bills (H.R. 1270) introduced in the House of Representatives (technically, Congress holds the power to eliminate a currency) also proposes getting rid of the nickel, too. There is no time frame for prices to be set in five-cent increments – a move to change all those prices ending in 49 or 99 cents to the nearest five cents due to lack of pennies – but they will likely eventually, said Bill Maurer, dean of the School of Social Sciences at the University of California, Irvine, and director of UCI's Institute for Money, Technology and Financial Inclusion. When there are not enough pennies for stores and other retailers to make change, businesses will need to round up or down, the Treasury Department said, according to The Wall Street Journal. For the time being, merchants can keep prices as they are, but the 18% to 20% of Americans who rely on cash could eventually pay a rounded-up price, based on 5-cent increments. "If someone comes to you with cash, you round up, right? So if you're kind of doubly screwed if you're poorer," Maurer told USA TODAY. Other countries that have eliminated low-denomination coins – Australia, Canada and New Zealand, among them – have resulted in differing outcomes, with some prices rounding up and some down, according to As the move to eliminate coin and paper currency continues, a publicly-accessible digital payment system will be needed so that consumers of all income levels can participate, Maurer said. But the loss of physical currency removes a redundancy in the monetary system that's invaluable during disasters and emergencies, according to Maurer. "The more dependent on cashless methods of payment we become, the more risk we place ourselves when there are emergencies or disasters, because you need a well-functioning cash system," he continued. Contributing: Fernando Cervantes, Daniel de Visé and Melina Khan. Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@