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GM taking $750M Q1 charges amid new recalls
CNBC.com ^ | March 31, 2014 | CNBC.com staff

Posted on 03/31/2014 6:07:05 PM PDT by John W

General Motors (GM) announced Monday that it will take a $750 million charge in the first quarter, including a previously disclosed $300 million charge for three safety actions and the ignition switch recall.

Monday's recall affects some of the same models included in the ignition recall and includes more than 1.3 million vehicles.

Some of these vehicles have already been recalled in the past for the same issue, but GM "did not do enough," according to a company statement.

(Excerpt) Read more at au.finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
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1 posted on 03/31/2014 6:07:05 PM PDT by John W
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To: John W

You think the part owners of Government Motors will go for a 2-5 billion dollar fine against their own .... you know, like they did with Toyota?


2 posted on 03/31/2014 6:24:36 PM PDT by RetiredTexasVet (History is about to be repeated in the Third World of Progressive intellectual and moral depravity.)
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To: John W
GM taking $750M Q1 charges amid new recalls

A down payment.

This thing will end up in criminal court.

3 posted on 03/31/2014 6:43:20 PM PDT by cicero2k
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To: cicero2k

They associated with criminals, now...


4 posted on 03/31/2014 6:45:33 PM PDT by John W (Viva Cristo Rey!)
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