General Motors announced today it will another 7.6 million vehicles for for autos from 1997 to 2014 model years, most for ignition switch issues.
“The latest recall in an almost daily drumbeat of GM announcements was so breathtaking in its scope that it briefly halted trading of the automaker’s shares. GM announced it will take a $1.2 billion charge in the second quarter to pay for the cost of the recalls. It’s a huge boost from the $700 million charge that had been previously announced,” says USA Today.
“The latest recalls bring GM’s total so far this year to 25.68 million in the U.S., That’s a record for the nation’s largest automaker. Still a month from the year’s halfway mark, it’s yet to be seen whether GM and all other makers can rival the 58.4 million recall record set in 1999.”
