Microsoft: Xbox Racing Wheel Overheating

Microsoft said Thursday that it would be recalling the Xbox 360 steering wheel over concerns that it was overheating and smoking, according to a statement.

About 50 incidents have been reported so far related to the $130 accessory, of which Microsoft has sold approximately 230,000 units worldwide. The steering wheel's AC/DC adapter was the issue, and was overheating when it was plugged in.

No fires have been reported, and Microsoft is working with regulatory agencies including the US Consumer Product Safety Commission on the problem, it said.

"Owners of the Xbox 360 Wireless Racing Wheel should stop using the AC/DC power supply until they have obtained their retrofit. They may continue to operate the wheel using battery power," the company advised.

The recall is the second related to Microsoft's Xbox 360 console; the company is spending $1 billion to fix problems with reliability. It was not immediately clear how much Microsoft planned to spend to fix this issue.

Gamers are being asked to go to the Xbox support site or call Microsoft to register themselves to receive the fix that they would be able to install themselves.