Volvo Car AB (OTC: VLVLY) is recalling nearly 72,000 units of its new electric EX30 model due to a software issue.
What Happened: The recall affects EX30 produced since January, with a glitch causing the speedometer to enter test mode upon startup, The Wall Street Journal reported on Monday. The issue requires an over-the-air software update to fix, according to Volvo’s statement.
The problem, initially reported by the Swedish website Carup, is a setback for Volvo, which has faced software challenges with its computerized vehicles. Last year, the launch of the EX90 model was delayed due to software issues.
Volvo confirmed that no other models are affected and ...