Porsche Panamera
After introducing its Panamera 4 E-Hybrid at the Paris auto show this year, Porsche is reportedly doubling down on its efforts to roll out a fully electric vehicle by 2020. Benoit Tessier

Porsche (PAH3.DE) has issued a recall for a number of 2010 to 2016 Porsche Panamera and 2003 to 2010 Porsche Cayenne vehicles for a possible rollaway issue. The recall affects approximately 100,000 vehicles, which vary as they do not carry non-sequential VINs and have a series of production dates, Cnet reported.

According to the news outlet, the issue with the Porsche vehicles is caused by the gear selector cable bushing that might be made of plastic and is not as durable of design as previously thought.

The bushing can come loose from the mooring, which could cause the transmission to be positioned in a different gear than indicated by the lever location. Because of the gear selector cable issue, vehicle owners could have the Porsche in park, but it may not actually be in the park position, which could cause the vehicle to roll away.

Porsche reportedly became aware of the problem towards the end of 2018, after multiple incidents of rollaway vehicles. No injuries or property damages were reported from the defective gear selector cable part, the company said.

To avoid the issue and until the component can be fixed by a Porsche dealer, the company wants all vehicle owners to apply the parking brake each time they park their vehicle. For repairs, a dealer will replace the shifter cable bushings with a new unit free of charge.

Owners can expect to see notification of the recall by first-class mail in early August, the company said.

Shares of Porsche stock were up 0.38 percent at the close of market on Monday.

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