GM CEO says carmaker has substantially completed recalls

Article by Christian A., 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.

If you liked the article, share on:

Topics: gm, ceo, recall

Comments

Recommended

Last year was probably one of the busiest years for the European New Car Assessment Programme, with a total of around 70 cars tested. But amongst that huge pack of...
by - January 16, 2018
For the longest time, women in Saudi Arabia were restricted from doing what men were able to do freely. And one of the most pressing issues was driving. In the...
by - January 16, 2018
Automakers that have teamed up with Formula 1, like Mercedes-AMG, develop the coolest road-going supercars just like the Project One. Aston Martin and Red Bull, on the other hand, have...
by - January 15, 2018
There is nothing more exciting happening this month than the 2018 Tokyo Auto Salon - especially with all the concepts that are being uncovered. Apart from the Toyota GR Super...
by - January 15, 2018
The very first time we ever saw Bentley’s SUV, the Bentayga, was back in September 2015 when it came out with the impressive W12 engine. A year after that, it...
by - January 15, 2018
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