The Bossard Group supplies fasteners to Tesla, but apparently not the ones that forced Tesla to recall nearly 123,000 Model S sedans.
Tesla announced the recall after discovering that certain corroding bolts in cold weather climates could lead to a power-steering failure, the Wall Street Journal reports. The recall is believed to be the company’s largest ever and encompasses nearly half of the cars the automaker has ever manufactured.
In a statement, Bossard said it decided to comment early on its “broad-based sales and profit growth” in the first quarter of 2018 after market uncertainty began to spread in connection with “a major Bossard customer in the U.S. electric vehicle sector” – Bossard’s phrase for Tesla.
“In particular, we would like to clarify that the bolts in the power steering component affected by a recall were not supplied by Bossard.”
The Switzerland-based fastener manufacturer noted that the manufacturer of the affected component has accepted responsibility.
“The current uncertainties surrounding the aforementioned U.S. electric vehicle manufacturer reported by the media have not affected the progress of the Bossard Group nor have they undermined the prospects: Our current global development continues to be strong,” Bossard stated.
In late March, Tesla announced the voluntary recall after observing “excessive corrosion in the power steering bolts, though only in very cold climates, particularly those that frequently use calcium or magnesium road salts,” according to an email sent to customers.
The company said no injuries or accidents have been due to this component.
“Tesla said its service center in Montreal began noticing the issue in Model S sedans and attributed the corrosion to the calcium or magnesium salts used to treat roadways during the winter months,” writes Tim Higgins of the WSJ.
If the bolts fail, the car requires additional force to be steered.
“This primarily makes the car harder to drive at low speeds and for parallel parking, but does not materially affect control at high speed, where only small steering wheel force is needed,” the company said.
The cost of the recall is expected to be minimal, with the supplier paying for the new part.
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