Volkswagen announces global recall of almost 3m cars

German automotive manufacturer Volkswagen has announced a global recall of approximately 2.86 million vehicles due to a potential steering risk. The affected models span the VW Tiguan, Touran, Golf and Caddy, as well as around 700,000 Audi models built between 2013 and 2024. The recall stems from corrosion issues discovered in quality control checks, which could lead to a bolt fracturing and ultimately cause steering failure.

However, no such incidents have been reported to date. Volkswagen's spokesman confirmed the precautionary recall, noting that drivers can continue using their vehicles until they schedule a dealer appointment for the necessary bolt replacements. CEO Oliver Blume may have received approval from stakeholders for his turnaround plan, but he faces challenging negotiations in Germany concerning job cuts, plant closures, and the automaker's strategy in the US.

The company must address whether Audi should receive its own US production site, which requires the committee's approval. Volkswagen aims to pivot towards more profitable US segments like pick-up trucks and large SUVs, while simultaneously restructuring its workforce.