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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Recalls

Volvo Recalls Half a Million Cars Over Fire Risk

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
July 22, 2019, 12:02 PM ET
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Volvo, the Swedish automaker renowned for car safety, has recalled 507,000 vehicles produced between 2014-2019 amid fears they could catch fire.

The company says a plastic engine intake manifold could be faulty, causing it to melt and deform, which could result in a fire. So far, the company has had no reports of any issues with the cars.

All of the affected vehicles have a 2.0-liter, four-cylinder diesel engine. The recall affects select models of the S60, S80, S90, V40, V60, V70, V90, XC60 and XC90 lines.

Owners will receive a letter asking them to contact their local dealer.

Volvo recalls are rare, but it has been a busy year for other automakers. Ford, in particular, has had a number of major recalls this year. In January, it recalled 953,000 vehicles as part of the ongoing Takata airbag recall. The following month, it issued three rapid fire recalls on over 1.8 million cars and pickups, including 1.5 million F-150s.

May saw a quarter-million Ford Fusions being recalled over discovering a flaw that could lead to the cars rolling away. And in June, the company recalled more than 1.2 Ford Explorer SUVs after learning of an issue that could result in drivers losing steering control of the vehicles. And in July, it recalled 58,000 vehicles after discovering an issue with the powertrain control module software that could result in a deformed fuel tank.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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