What Happens When Your Car Is Recalled?

What does it mean when your car is recalled?

Generally, when the manufacturer of your vehicle issues a recall, you'll receive notice of it in the mail. It's usually a little card outlining the problem and urging you to take the car to a dealer to get it fixed. If the safety issue is serious, you might also get a phone call. 

But how do recalls happen? What do you need to do when your car is recalled? And what does a recall mean for an automaker's bottom line? 

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Source: Fool.com