Thursday, June 10, 2010

Maytag Dishwasher Recall - 1.7 million fire hazards

1.7 million Maytag dishwashers are recalled by the Consumer Product Safety Commission and Maytag business. Twelve fires have been blamed on the recalled dishwashers. The Maytag dishwasher recall contains not just Maytag branded products, but Jenn-Air, Admiral, Amana, Crosley, Performa, and Magic Chef brands.

Article Source: Maytag Dishwasher Recall – 1.7 million fire hazards By Personal Money Store

Danger of the Maytag Dishwasher Recall

There is a significant safety hazard connected to the Maytag dishwasher recall. The heating element that helps dry the dishes can overheat, which causes a fire. The fire can effortlessly spread into a kitchen or house and cause very significant damage.

What to do in case you are affected by the Maytag dishwasher recall

The Maytag Dishwasher Recall effects all models with a wide variety of serial numbers. If you do have a recalled Maytag dishwasher, you are able to do two things – either get a rebate check to get a new one, or have your current dishwasher repaired. Repair.maytag.com has a full list of affected serial numbers and a search tool to help you find out if your dishwasher is a part of the Maytag dishwasher recall.

The Maytag repairman is going to be busy

Maytag corporation has used a "bored repairman" as their corporate image for numerous years. This Maytag recall, though, is far from the first for the kitchen appliance manufacturer. 1.7 million fridges were recalled in 2009, for an issue that would cause fires. In 2007, 2.3 million dishwashers were recalled for an electrical short fire hazard.

Whirlpool Corporation expenditures for the Maytag Recall

Whirlpool Corporation, which owns Maytag, is facing dire stock consequences for this recall. Whirlpool's stock was at $ 86 in early March. The stock has climbed to about $ 102 given that then. The good news of the stock rising in value is also to be balanced with the fact Whirlpool is closing a machining plant. Whirlpool corporation, in short, will end up paying a lot in cash and reputation for this recall. Despite almost $ 3 billion in corporate debt, Whirlpool is rated as a "stable" investment.



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