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GM Recalls more than 15 Million Vehicles in 2014 Alone

Can you guess how many cars GM has recalled in 2014?  It's estimated at 15.8 vehicles worldwide and 13.8 million in the U.S. as of today which is not even half way through 2014.

In fact, the company has recalled more cars and trucks in the U.S. this year than it has sold in the last five years.  GM managed to do so with 29 separate recalls including an ignition switch that can shut off while the car is driving.  It led to deaths of at least 13 drivers and passengers.

Last week the company agreed to pay a $35 million federal fine for concealing deadly defects in small-car ignition switches. Although the company says the death toll from the ignition switches is at least 13, trial lawyers suing the company say it's at least 53.

The latest recall announced today on the National Highway Traffic Safety Administration website, covers Aveos from the 2004 through 2008 model years. The daytime running light module in the dashboard center stack can overheat, melt and catch fire.

The Justice Department is considering whether to bring criminal charges against GM.  Toyota's 2009 and 2010 unintended acceleration recalls led to a $1.2 billion fine earlier this year.

The company estimated the cost of recalls at $1.7 billion which will practically offset the profit earned in the first quarter of 2014. That's counting only the direct cost of repairs, but the actual financial impact to the company would be much bigger and long lasting.

Would you buy a GM vehicle if you are in the market for a new car?

GM Recalls more than 15 Million Vehicles in 2014 Alone Reviewed by Brandon on 11:31 PM Rating: 5

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