General Motors estimated that it would pay victims of an ignition-switch defect about $400 million in settlements through a compensation fund administered by an outside official — although it said the cost could increase by $200 million depending on the number of people who file claims, reported Detroit Free Press. The company eked out a ... Read More »
Read More →General Motors Co. (GM) recalled 717,950 vehicles, including some recent-model Chevrolet Camaros and Buick Regals, to repair seats, turn signals and other parts, reported Bloomberg. The action involves six separate recalls, including 414,333 Camaros, Regals and Buick LaCrosses from model years 2011-2012 to replace a bolt for seat-height adjustments, Detroit-based GM said in a statement ... Read More »
Read More →General Motors Co. knew more than a decade ago that loose ignition switches caused stalling on far more than its Chevrolet Cobalt and related small cars, redesigning switches in at least three high-volume car families between 2003 and 2006, according to recently disclosed company documents, reported The Wall Street Journal. The auto maker didn’t recall ... Read More »
Read More →