U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.
GM is telling customers to park the SUVs outdoors because they could catch fire when left unattended.
Sixty-three death claims have been filed so far with the lawyer handling payments for those involved in wrecks caused by faulty GM ignition switches. A compensation expert spokeswoman said 125 claims were received Friday.
GM’s troubles with safety recalls have surfaced in another case, this time with the company recalling a group of SUVs for a third time to fix power window switches that can catch fire.
General Motors says it has made progress in fixing its recall website so that it correctly lists all the cars that need recall repairs.
The probe was opened over an April 2011 car crash that severely injured an elderly man when the passenger air bags didn’t deploy.
General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
Lawmakers put Barra on the spot, telling the CEO she should have fired GM’s corporate counsel, Michael Millikin, based on the conclusions of an internal report.
The ignition switch at the heart of a series of General Motors recalls, cited in at least 13 deaths, emerged in an effort to improve cars after previous switches felt “cheap.”
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.
When Kenneth Feinberg announces the terms of General Motors’ plan to pay victims of crashes caused by bad ignition switches, he’ll have an open wallet.