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GM profit skids on recall costs

Last Updated: Thursday, July 24, 2014, 19:29

General Motors on Thursday posted a sharp drop in second-quarter profit as the automaker took heavy charges for safety recalls and a compensation fund for victims of faulty ignition switches.

GM recalls 717,950 vehicles in US, not for ignition switches

Last Updated: Wednesday, July 23, 2014, 23:39

General Motors Co on Wednesday announced six recalls covering 717,950 vehicles in the United States for varying reasons.

Ford recalls 100,000 cars

Last Updated: Wednesday, July 09, 2014, 00:55

Ford recalled more than 100,000 cars of various models in North on Tuesday, the latest in a surge of recalls in the wake of the GM faulty ignition scandal.

GM switch complaints began 17 years ago, long before Cobalt

Last Updated: Friday, July 04, 2014, 06:13

General Motors car owners have been complaining to dealers about defective ignition switches since 1997, years before the automaker launched the Chevrolet Cobalt and other small cars with faulty switches linked to at least 13 deaths.

US auto sales best expectations for June

Last Updated: Wednesday, July 02, 2014, 02:42

Leading automakers, including scandal-plagued General Motors, Tuesday reported better-than-expected June auto sales in the United States, an indication of higher consumer confidence.

GM adds 8.23 million cars to ignition-switch recall

Last Updated: Tuesday, July 01, 2014, 09:19

General Motors Co on Monday widened the list of older models it is recalling for potentially deadly ignition switches, adding 8.23 million compact and midsize cars that it has linked to seven crashes and three fatalities.

GM offers at least $1 mn for each ignition switch death

Last Updated: Monday, June 30, 2014, 22:00

General Motors said Monday it will pay at least USD 1 million in compensation to the families of each person killed in accidents apparently caused by defective ignition switches in its cars.

GM dealers stop selling some Cruze sedans with Takata air bags

Last Updated: Thursday, June 26, 2014, 09:31

Potentially faulty air bags supplied by Takata have led to the recall of about 10.5 million vehicles worldwide.

New app for drivers to communicate via their number plate

Last Updated: Tuesday, June 24, 2014, 22:47

General Motors in China is developing a new app called DiDi Plate which would allow drivers to communicate to other nearby drivers via text messages.

GM board warned of serious problems by quality manager in 2002

Last Updated: Saturday, June 21, 2014, 23:17

The report said that the Valukas team reviewed all board correspondence dating back to 2003.

GM board warned of serious problems by quality manager in 2002

Last Updated: Saturday, June 21, 2014, 11:25

A former head of General Motors corporate quality audit warned the company’s board in a letter in 2002 that it needed to “stop the continued shipment of unsafe vehicles” and “recall suspect vehicles that were already in customers’ hands.”

Details emerge about GM plan to pay ignition-switch victims

Last Updated: Friday, June 20, 2014, 09:39

General Motors Co may end up compensating many more people than the families of 13 victims it has linked to a faulty ignition switch, as it considers waiving key legal defenses in order to resolve injury and death cases out of court.