- Nissan is recalling over 480,000 vehicles in the U.S. and Canada due to engine bearing defects that can cause engine failure.
- Models affected include certain 2019-2020 Altima, 2019-2022 Infiniti QX50, 2021-2024 Rogue, and 2022 Infiniti QX55 vehicles.
- Despite the recall, Nissan stock (NSANY) jumped 5.89% to $5.03 on July 3, showing a rise in investor confidence.
- Warning signs for the defect include abnormal engine noises, rough running, and indicator lights on the dashboard.
- Owners will be notified by mail, and dealers will check and repair vehicles at no cost, replacing engines if required.
Nissan has issued a recall for more than 480,000 vehicles across the United States and Canada due to defects in engine bearings that could result in complete engine failure. The recall covers select models of Altima, Infiniti QX50, Rogue, and Infiniti QX55 that were manufactured between 2019 and 2024.
A notice from the National Highway Traffic Safety Administration (NHTSA) confirms that 443,899 vehicles in the U.S. and an additional 37,837 in Canada are affected. The models involved are equipped with 3-cylinder 1.5-liter or 4-cylinder 2.0-liter variable compression turbo engines. The agency states: “Engine bearings in the recalled models may have manufacturing defects that can lead to engine failure.”
Nissan outlined warning signs for owners, which include “abnormal noise from the engine compartment, rough running, malfunction indicator lights (MIL) and warning messages in the instrument cluster.” The company’s recall notice warns that the defect may cause vehicles to lose power while operating. According to the company, dealers will inspect the engine oil pan for signs of metal debris and will repair or replace the engine as necessary.
After news of the recall, shares of Nissan (NSANY) increased by 5.89% to close at $5.03 on July 3. The stock reached as high as $5.06 during the trading session and opened at $4.99, up from the previous close of $4.75. The market capitalization stands at $8.8 billion. Despite vehicle safety concerns, Nissan maintains a forward dividend yield of 4.64%.
Owner notification letters will be mailed on August 25. Vehicle owners can contact Nissan customer service at 800-647-7261 or visit the NHTSA website for assistance. The recall process is being managed through free inspections and repairs at authorized dealerships. Investors appear to view this recall as a sign of proactive risk management rather than a major liability.
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