GM took a $1.3 billion charge against its earnings to pay for recalls announced in the first quarter.
GM faces issues both in the near-term and longer term related to the recall. Here’s a breakdown.
GM is on track to break the American automaker record for the most recalls in a single year, ever.
General Motors added five recalls to its growing list Thursday, pushing its total number of recalled vehicles to more than 11 million this year.
It’s a win for General Motors.
General Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear.
General Motors says it has known about the problem, which has led to 28 crashes and four injuries, for at least a year.
More than 300 claims have been filed related to a deadly ignition switch problem in some older model small GM cars.
General Motors is recalling 51,640 SUVs because the fuel gauges may show inaccurate readings.
The estimate comes from a quarterly report to Congress by a government watchdog and is up from a previous estimate of $10.5B.