General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
The 2005 email, unearthed in April during a company wide review of ignition-switch problems, is more evidence that GM knew about safety problems for years but failed to recall troubled cars until recently.
Seasonally Adjusted Annual Sales Rate hits 17 million for the first time since 2007, as customers ignore recall news.
General Motors is recalling at least 7.6 million more vehicles dating back to 1997 to fix faulty ignition switches as the company’s safety crisis continues to grow.
Denverite Deannah Burke says she’s lucky no one was hurt when her 2006 Chevy Cobalt suddenly stopped running in the middle of the street.
Faulty General Motors ignition switches are blamed for 13 deaths and have prompted a massive recall, but a Denver engineer told CBS4 Investigator Rick Sallinger she knew about the problem two years ago.
Good weather and a strong Memorial Day weekend helped car buyers ignore reports of recalls, pushing car and truck sales up more than ten percent in May.
General Motors recalled a small number of Pontiac G6 midsize cars to fix a faulty brake light system in 2009, yet waited more than five years to call back over 2 million other cars with the same system.
General Motors CEO Mary Barra has told Washington lawmakers that GM could simultaneously release an internal investigation into a deadly ignition switch problem and its plan to compensate victims.
U.S. Secretary of Transportation Anthony Foxx and the National Highway Traffic Safety Administration’s Acting Administrator David Friedman are holding a press conference.