Page 38 - Ignition Switch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Time. that's what's going on here. you kind of need to keep that in mind. >> it's disturbing there are so many kinds of cars that gm is recalling. it's 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 you're dealing with a company like gm operating on the scale that gm does, you'll often have recalls like this of two different cars but the same part. >> all right. we'll continue ...

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 we've 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 gm's 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 you. all the bars you're about to see represent big profits for gm. look what they made in the first...

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 ] identity theft ...

>> reporter: you're 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. we're 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: jon, those lawsuits could cost general motors millions of dollars in legal fees. late monday eve...

Bet you have never done that or ever really thought about it unless you have received a letter of recall from your dealer. >> i don't 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. >> i'm not pleased with their responses but there were not meaty responses, we're learning more from the documents than from her testimony. >> the documents are showing that gm knew their ignition switch was faulty and non-compliant two different