How to Compensate Car Owners for Vehicle Recalls?
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Compensation typically includes extended warranties, coupons, or gifts. Below is relevant information about vehicle recalls: Reasons for vehicle recalls: The statutory reason for vehicle recalls is the existence of defects in batch-produced automotive products. A defect refers to a widespread non-compliance with national or industry standards for ensuring personal and property safety, or other unreasonable risks endangering personal and property safety, caused by design, manufacturing, labeling, or other reasons, in the same batch, model, or category of automotive products. Regulations on vehicle recalls: Manufacturers implementing recalls must formulate a recall plan in accordance with the regulations of the State Council's product quality supervision department and submit it for record. Any modifications to the filed recall plan must be re-filed. Manufacturers must report in writing to the competent authorities within 5 working days after confirming the existence of defects in their automotive products.