GM CEO says carmaker has substantially completed recalls

Article by Christian Andrei, on September 14, 2014

General Motors chief executive Mary Barra has declared that the carmaker has “substantially completed” its recalls. She said that the carmaker is working hard to ensure that new vehicles coming out of production lines have higher levels of quality and safety, noting that GM is focused on being industry leaders on these fields.

She disclosed that GM has benchmarked externally the aerospace industry and the nuclear industry – both requiring a “true zero-defect mentality.” Barra also reiterated GM’s commitment to putting the consumer first. She said the US carmaker won’t think twice to recall more vehicles if the need arises.

GM has allocated at least $400 million as part of a fund intended to compensate victims of 2.59 million recalled compact cars with possibly faulty ignition switch. The defect has been tied to at least 13 deaths.

The US carmaker posted a second-quarter profit that failed to match expectations of analysts, no thanks to the one-time charge, recall costs and other charges.

GM is currently facing lawsuits filed by customers who said their vehicles lost value due to the recall. A bankruptcy judge who also presided over GM’s bailout in 2009 has yet to decide how much these customers could claim from the Detroit carmaker.

Topics: gm, ceo, recall

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The Shooting Brake is probably the least rendered body shape in the automotive world. But it’s also the most sought after design among car nuts for its unique, old-fashioned charm....
by - January 23, 2017
Perhaps to make the upcoming Valentine’s day more special, Tinder dating app and Ford UK have cooked up a special blind date for all the single blokes and chicks in...
by - January 23, 2017
2017 is undeniably a very busy year for BMW. After introducing the new 4-Series, the German automaker has just released several new updates. In relation to this, BMW is also...
by - January 23, 2017
The renowned Shelby Super Snake is now 50 years old! As we greet the Super Snake a “happy birthday” or a “happy anniversary,” Shelby itself is celebrating half a century...
by - January 23, 2017
Nearly a year after the Subaru XV Concept was unveiled at the 2016 Geneva Motor Show in Switzerland, this SUV study is making its North American debut at the 2017...
by - January 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries