The automaker posted a net profit of $1.38 billion, or 81 cents per share, from July through September.
At least 29 people have died and 27 people have been seriously injured in crashes involving General Motors cars with defective ignition switches.
Despite the heavy publicity surrounding the scandal, many drivers evidently haven’t heard of the recall or haven’t grasped how serious the defect is…
General Motors is recalling more than 60,000 vehicles in North America, the latest round of recalls this year for the automaker.
GM expects China to become the world’s largest luxury car market later this decade, and plans to introduce nine new Cadillacs there over the next five years.
The recall involves the Chevrolet Tahoe, Suburban, Traverse, Express and Silverado; the Cadillac CTS, Escalade and Escalade ESV; the GMC Yukon, Yukon XL, Acadia, Savana and Sierra; and the Buick Enclave.
The families of two Wisconsin teenagers killed in a car crash involving a faulty General Motors ignition switch have dropped their lawsuit against the company and are seeking a settlement with the automaker.
General Motors also says the high-end brand will become a separate business unit, giving it more freedom to chase global growth.
The death toll from crashes involving GM small cars with faulty ignition switches is at least 21.
The car will be meant to compete with vehicles like the Mercedes S-Class and BMW 7-Series, which can have sticker prices in the $100,000 range.