Page 14 - Ignition Switch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

For america's largest automaker. general motors announcing yet another round of recalls linked to the faultily ignition switch bringing this year's tally to nearly 29 million. the most cars recalled by a single car company in a year ever. ceo has vowed since the start to make it right. >> i am working day and night to make sure that we correct this issue. we have learned from it. and it never happens again. >> reporter: the troubled automaker also announcing it will pay a staggering $1.2 billion in the second quarter to cover the recalls. slamming the brakes on gm stock, shares closing down 1%...

General motors now recalled the largest number of cars ever in a single year. monday the company announced six new recalls effecting 7.6 million more vehicles in the united states. it brings the grand total to 25 million this year alone. among safety concerns citing a faulty key ignition switch turning the engine off and disabling the air bags. it boosts the number of deaths acknowledged by general motors to 16. and the company said it will pay millions in compensation to families who agree not to sue. this morning the morning joe team talked to ken feinberg, the man responsible for making sur...

Another round of recalls linked to the faultily ignition switch bringing this year's tally to nearly 29 million. the most cars recalled by a single car company in a year ever. ceo has vowed since the start to make it right. >> i am working day and night to make sure that we correct this issue. we have learned from it. and it never happens again. >> reporter: the troubled automaker also announcing it will pay a staggering $1.2 billion in the second quarter to cover the recalls. slamming the brakes on gm stock, shares closing down 1%. all of this as ken feinberg overseeing the fund for victims o...

How many people are we talking about in the pool here? >> we don't know how many people will actually file. the recall involved 2.6 million recalled vehicles but most of those vehicles weren't involved in accidents so we will have to see. when you build one of these programs, you guys know from bp, build it and they will come. i predict we will get claims from people driving mercedes and jaguars and people claiming it was an ignition switch failure. it's human nature. it was an ignition switch failure no matter what and we have to sort out the eligible to the ineligible here. >> what time span...

Means your airbags won't inflate, power steering, anti-lock brakes will not work. it has been linked to at least 13 deaths. i want to show you on the screen you're looking at the all of the new cars recalled because of this issue. you've got the chevy malibu, two oldsmobiles, pantiac grand prix, cadillac cts, cadillac srx. lot of them recalled much older models, some as recent as this year. the big picture carol, why is this happening? because gm never wants anyone to point their finger at the company saying you delayed a safety recall for more than a decade that cost lives. that's what happen...