Auto sales – lead by trucks and SUVs – have been booming but If gas prices spike or the economy hiccups, many consumers may again be out on a limb with too much car and too little cash!
The recalls in North America pushed GM’s total for the year to 66, covering just over 29 million cars and trucks. That beats the company’s old full-year record and has pushed this total number for the industry this year to more than 40 million, also an annual record.
General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
The largest is for faulty seats in just over 475,000 cars and small SUVs. Other problems include incomplete welds on seat brackets, turn signal failures, power steering failures and more.
The 2005 email, unearthed in April during a company wide review of ignition-switch problems, is more evidence that GM knew about safety problems for years but failed to recall troubled cars until recently.
Seasonally Adjusted Annual Sales Rate hits 17 million for the first time since 2007, as customers ignore recall news.
General Motors is recalling at least 7.6 million more vehicles dating back to 1997 to fix faulty ignition switches as the company’s safety crisis continues to grow.
The company says it will change or replace the keys on the cars from the 2000 to 2014 model years.
Good weather and a strong Memorial Day weekend helped car buyers ignore reports of recalls, pushing car and truck sales up more than ten percent in May.
General Motors recalled a small number of Pontiac G6 midsize cars to fix a faulty brake light system in 2009, yet waited more than five years to call back over 2 million other cars with the same system.
SportingNews.com ranked all of the general managers in Major League Baseball. Coming in 30th of out 30 general managers, is Ruben Amaro Jr. of the Phillies.
General Motors CEO Mary Barra has told Washington lawmakers that GM could simultaneously release an internal investigation into a deadly ignition switch problem and its plan to compensate victims.
U.S. Secretary of Transportation Anthony Foxx and the National Highway Traffic Safety Administration’s Acting Administrator David Friedman are holding a press conference.
General Motors’ efforts to root out lingering safety problems across its wide range of cars and trucks has produced another big recall — and highlights a sudden shift at GM and throughout the industry toward issuing recalls instead of avoiding them.
General Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear.