Page 19 - Ignition Switch News Today

To find that out sooner rather than later and that is why they questioned him in the hospital. all right, general motors issued its 29th recall alone this year. this time involving 2008 chevrolets, together, the 29 recalls involved more than 15 million cars worldwide, which is a record, in case you wonder. the surge caused by the ignition switch tied to the deaths, gm knew about the problem for at least a decade before recalling the vehicles. mary barra told lawmakers that gm going forward int...

Closets, going through, finding every issue theyve had in the past that maybe should have been a recall and making it a recall. >> reporter: so far fixing all the recalled cars will cost gm $1.7 billion this year. and the stock is down 18% year to date. but what might be surprising is all the recalls havent made a dent in gm sales, which were 7% higher in april than a year ago. >> what gm is doing is talking, saying that were going to be a good corporate citizen. but theyve said the same thing i...

$35 million fine. lets go to cnn automotive writer peter deval less depena. you have 29 recalls in the matter of five months. thats a lot. >> its an awful lot. >> one thing you have to keep in mind is this all started with one very large recall of gm older cars for an ignition switch program. after that gm got caught basically relaying a recall, not recalling cars quickly enough. they want to make sure that doesnt happen again. what theyre doing right now is going back through all of their recor...

1.3 million suvs recalled for a seatbelt defect. 1.1 million are older models being recalled as part of a transmission cable issue that caused at least 18 crashes. no deaths tied to any of these recalls. all told, general motors recalled 13.6 million vehicles in the united states alone. the most serious being that ignition switch defect which gm says is tied to at least 13 deaths. they are a company trying to get out in front because they didnt tell anyone about the defect for a decade. >> at le...

Not been a good year for gm. yesterday, the company issued another round of recalls, prompts "usa today" to ask "are that there any gm cars that havent been recalled?" so far this year, the company has issued 29 recalls including 16 this quarter. the latest including about 2.4 million trucks and cars land likely cost the company an additional $200 million. last week, gm was fined $35 million over its faulty ignition switch which was linked to at least 13 deaths. gms stock was down 3.4% on tuesda...

Time. thats whats going on here. you kind of need to keep that in mind. >> its disturbing there are so many kinds of cars that gm is recalling. its not just one. >> one thing you need to keep in mind is most recalls start with a parts supplier. they start with an automotive part. as in that ignition switch recall, it was one part from one supplier made in one factory that went into multiple different cars. when youre dealing with a company like gm operating on the scale that gm does, youll often...

New york stock exchange with more. good morning. >> good morning, carol. the price tag so far for repairs will cost gm $1.3 billion. keep in mind, this is not just for the recalls weve been hearing so much about, the ignition switch problems that led to 13 death ts. this is for all the recalls this year. now gm is fixing the cars. the fix is whacking gms bottom line. gm made over $100 million in january and march of this year. how bad of a hit is it for a company like gm. i want to show it to yo...

Interesting to hear your thoughts on that segment. in the meantime, kind of interesting and legal debate has legal implications coming up. growing fears of edible marijuana after allegations it has been linked to a right with at least two deaths. plus, and new bump in the road for general motors. why federal relators are looking at the 2014 chevy and paula how the company mad trying to fend f costly lawsuits over a faulty ignition switch linked to 13 deaths. more on that next. [ male announcer ]...

>> reporter: youre welcome. jon: more trouble for general motors. federal legitimatetores are looking at a possible break defect on the 2014 chevrolet impala, following complaint from one driver, that the emergency braking system activated multiple times without any warning. were learning as the company is trying to fend off dozens of potentially costly lawsuits over its handling of a defective ignition switch. adam shapiro joins us live from the fox business network with more. adam. >> reporter...

Bet you have never done that or ever really thought about it unless you have received a letter of recall from your dealer. >> i dont think we have shown th that. congressman you have been questioning the ceo at gm. are you happy with their responses? tell me what you have learned so far. >> im not pleased with their responses but there were not meaty responses, were learning more from the documents than from her testimony. >> the documents are showing that gm knew their ignition switch was fault...