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.
General Motors is preparing to recall about 33,000 Chevrolet Cruze compact cars because an incorrect part means that the air bags might not inflate properly in a crash.
Earlier this week, General Motors announced the recall of more than 3 million vehicles. The recall is for ignition problems dating back to 2000, which means used car buyers should beware.
General Motors is recalling another 3 million cars because of a defect that causes a similar problem to one that led to an earlier massive recall of small cars, and is linked to 13 deaths.
General Motors is recalling 3.2 million more cars in the U.S. because of ignition switch problems.
Former General Motors Co. CEO Edward Whitacre Jr. and his wife have donated $15 million to his alma mater, Texas Tech University.
A thorough review of General Motors safety issues is nearing completion and has not turned up any more serious problems, company CEO Mary Barra said on Tuesday.