Volvo recalls 200,000 cars worldwide to fix fuel line

COPENHAGEN, Denmark (AP) — Swedish automaker Volvo Cars, owned by China's Geely holding company, says it is recalling 200,000 diesel cars worldwide because the fuel line may crack, saying it is "a preventive safety measure."

Group spokeswoman Annika Bjerstaf says, "What may happen is that the fuel may leak out into the engine compartment over a long period of time."

She says Volvo Cars "however, has not received any reports of incidents surrounding this."

Bjerstaf said Tuesday the recall covers the Volvo V40, S60 and V60 and their Cross Country versions. Also covered are the V70 and XC70, S80, XC60 and XC90 built in 2015 and 2016.

The Goteborg-based company says it is offering to replace the fuel line at no costs and owners have been notified.

Should you invest $1,000 in AB Volvo right now?

Before you consider AB Volvo, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AB Volvo wasn't on the list.

While AB Volvo currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

Featured Articles and Offers

Search Headlines: