The American taxpayer is surely thrilled that we saved this piece of shit excuse for a car company with our tax dollars. What would we do without them? Oh yeah. We would have bought Honda cars that actually worked. Who in their right mind would buy one of these defective pieces of crap from Government Motors? Oh yeah. The subprime deadbeats getting 7 year loans from Ally Financial. Remember Obama touting the GM success story as a feather in his cap? It’s almost as big an Obama success story as Solyndra. That boy sure can pick winners.

GM to recall additional 717,950 vehicles

By Anna Prior

Bloomberg Enlarge Image

General Motors Co. on Wednesday unveiled six recalls covering 717,950 vehicles in the U.S., citing a variety of safety issues.

Those safety concerns include loose bolts on power-height adjustable driver or front passenger seats in more than 400,000 model year 2011-2012 Chevrolet Camaros, 2010-2012 Chevrolet Equinoxs and GMC Terrains, among other vehicles, as well as potentially incomplete welding on certain seat hooks in more than 120,000 recent model Chevrolet Caprices, Silverado LD and HDs, Cadillac ATS and CTS, among other vehicles.

Other recalls include more than 120,000 model year 2011-2013 Buick Regals and 2013 model year Chevrolet Malibus to fix issues related to front turn signal light bulbs, more than 57,000 model year 2014 Chevrolet Impalas with belt-drive electric power steering, as well as nearly 2,000 recent model year Chevrolet Sparks imported from Korea that were assembled with a lower control arm bolt not fastened to specification.

GM (NYSE:GM)   has recalled more than 29 million cars throughout North America since the start of the year.

In late June, the auto maker announced six recalls covering 8.45 million vehicles in North America for a variety of issues, chief among them was unintended ignition key rotation in older Chevrolet Malibus and five other models.


  1. GM Announces Another 718K Recalls, Bringing 2014 Total To Nearly 30 Million

    Submitted by Tyler Durden on 07/23/2014 14:34 -0400

    It had been almost a month without a GM recall announcement of some sort. So, as many knew was long overdue three weeks into the second half, GM just did what it truly excels in (aside from being bailed out by taxpayers at a massive loss): admit that it had skimped on the quality control and safety check of another 717,950 cars, all of which were new models bult 2010 and later including Camaro, Equinox, Caprice, Regal, Malibu and so on. In other words, all cars built after GM emerged from bankruptcy. This bring the total number of recalls year to date to a ludicrous 29.2 million around the globe, or well over three time the total number of cars sold in the past three years.

    The reasons for the recall? Numerous, but some amusing ones stand out:

    A loss of power to a laser welding machine may have resulted in an incomplete weld in the seat hook bracket
    The bolt that secures the height adjuster actuator may become loose or fall out. If the bolt falls out, the seat will move up and down freely because it is no longer attached at the height adjuster
    Steering control can be maintained because the vehicle will revert to manual steering mode, but would require greater driver effort particularly at low vehicle speeds.
    Separation of the lower control arm from the steering knuckle while driving could resulting in loss of steering control

    And so on. But aside from the stock miraculously not soaring on this latest batch of great news, we expect that deadbeat GM consumers, armed to the teeth with those subprime loans we reported on over the weekend, will have no problem with the prospect of driving a free and paid for (by the government) car which may just transform into an uncontrollable 2 ton paperweight at 65 mph. Call it the “excitement from instant death risk” option (included free in every car).

  2. GM’s profit, hit by recalls, tumbles 80%

    By Jeff Bennett

    General Motors Co. reported an 80% drop its second-quarter net profit Thursday, with earnings hit by $1.5 billion in charges related to vehicle recalls and money set aside to fund a compensation plan for victims of car accidents linked to defective ignition-switches.

    Earnings during the period equaled $278 million, which reflect preferred dividends, compared with $1.41 billion a year earlier. Excluding certain one-time costs, GM earned 58 cents a share, matching the 58 cents a share analysts expected, according to FactSet. GM is selling its new vehicles at higher prices in North America while accelerating growth in China–providing the auto maker some financial traction even as it has issued a record amount of recalls.

    For the first time, GM said it has set aside $400 million to fund an ignition-switch compensation plan that will be operated by Washington D.C. compensation expert Ken Feinberg. The program starts Aug. 1 and runs through the end of the year. The auto maker said the $400 million was its best internal estimate and it is possible the company may need to set aside another $200 million.

    GM Chief Financial Officer Chuck Stevens said during a conference with reporters that there is no cap on how much victims may be awarded.

    GM’s second-quarter performance suggests the company’s massive recalls this year–more than 29 million in North America since January –haven’t slowed demand for its vehicles from consumers in its largest market. But it has been costly.


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