GM recalls another 1.5M vehicles

GM recalls another 1.5M vehicles

MORE RECALLS: GM said it is recalling more than 1.5 million newer sport utility vehicles, luxury sedans and full-size vans in three separate recalls. Photo: Reuters

DETROIT (Reuters) – General Motors Co will take a $300 million charge primarily to cover the costs related to the faulty ignition switches linked to at least 12 deaths as well as three more recalls it announced on Monday.

The No. 1 U.S. automaker, which will take the charge in the first quarter, did not provide a breakdown of how much was related to the ignition-switch recall of more than 1.6 million older-model vehicles.

GM also said it is recalling more than 1.5 million newer sport utility vehicles, luxury sedans and full-size vans in three separate recalls. While there were reports of engine compartment fires in two dealer-owned Cadillac XTS sedans, the company said it has received no reports of accidents or injuries related to the three new recalls.

“I asked our team to redouble our efforts on our pending product reviews, bring them forward and resolve them quickly,” GM Chief Executive Mary Barra said in a statement. “That is what today’s GM is all about.”

She previously apologized for how GM handled the ignition switch recall and said the company would take an “unvarnished” look at the process while making customer safety and satisfaction the top priority.

“We are conducting an intense review of our internal processes and will have more developments to announce as we move forward,” Barra said on Monday.

The ignition-switch recall has led to government criminal and civil investigations, an internal probe by GM and preparations for hearings by Congress. All ask why GM took so long to address a problem it has said first came to its attention in 2001.

GM said that when the ignition switch was jostled, a key could turn off the car’s engine and disable airbags, sometimes while traveling at high speed. GM has said it received reports of 12 deaths and 34 crashes in the recalled cars, although safety advocate groups have urged a deeper investigation, arguing the number of fatalities involved has been understated.

On Friday, the Detroit automaker was hit with what appeared to be the first lawsuit related to the ignition-switch recall, as customers claimed their vehicles lost value because of the ignition switch problems. The proposed class action was filed in a Texas federal court.

(Reporting by Ben Klayman; editing by Matthew Lewis)

Recent Headlines

in Sports

MRI shows no tears in knee of Patriots TE Rob Gronkowski

New England Patriots tight end Rob Gronkowski, center, leaves the field in a cart after being injured in the third quarter of an NFL football game against the Cleveland Browns Sunday, Dec. 8, 2013, in Foxborough, Mass.

Source tells ESPN that Gronkowski's injury is considered "minor knee sprain"

in Entertainment

HOLIDAY TV: What to watch this week


This week is packed with programs to get you in the holiday spirit.

in Sports

MNF: AFC North bottom two square off on KPUG

Ravens at Browns Monday

You can hear the Ravens and Browns on KPUG 1170AM beginning at 4:45pm following The Zone.

in Entertainment

Bono, Clooney, Kardashian part of all-star campaign for AIDS

FILE - In this March 2, 2014 file photo, Bono arrives at the Oscars at the Dolby Theatre in Los Angeles. A New York City doctor says U2 singer Bono suffered multiple fractures and had to have two surgeries after his weekend bicycle accident. Orthopedic trauma surgeon Dr. Dean Lorich says Bono underwent a five-hour surgery on his elbow in which three plates and 18 screws were inserted on Sunday night. Bono had another surgery to repair a fracture to his left pinkie on Monday. Lorich says Bono will need therapy but a full recovery is expected.

Bono is a launching an all-star campaign featuring "once-in-a-lifetime experiences" like walking the red carpet with Meryl Streep or visiting the "Game of Thrones" set.

in Sports

Royals players get $370K bonus for World Series win


The World Series champion Kansas City Royals generously split up their Fall Classic players' pool haul of more than $25 million into 55 full shares worth $370,069 apiece, Major League baseball said on Monday.

Bellingham Traffic