KQEH Nightly Business Report July 1, 2014
We begin tonight with General Motors and its widening safety crisis. The automaker stunned consumers and investors today announcing another huge recall and this one involves more fatalities. Gm is recalling over eight million vehicles, all in the u. S. , after defective parts linked to another three crashrelated fatalities. Now this brings the total number of recalls to 28 million vehicles worldwide. Just for this year. Now on top of that, gm also said it would increase the Second Quarter charge to earnings to 1. 2 billion to help pay for all those recalls. The surprising news came on the same...