On September 23, 2024, during market hours, Hunterbrook Media published an article called “‘Grand Deception”- Winnebago Muzzles Outcry Over Major Problem That Owners Say Makes RVs Dangerous, Untowable, Worthless.” In this article, Hunterbrook said that Winnebago’s “best-selling Grand Design RVs” appear to be “experiencing frame failure, potentially affecting thousands of units sold for more than a billion dollars. This defect has led to costly damage and potential safety hazards, and rendered some RVs unroadworthy.” Further, the article stated that “Winnebago has used NDAs, buybacks, and online censorship to silence complaints about frame failure[.]”
On this news, Winnebago’s stock fell $1.35 per share, or 2.28%, to close at $57.76 per share on September 23, 2024.
