GM recalls 8.4 million more vehicles
Family members of victims resulting from problems with GM ignition switches sit alongside their loved ones photographs as General Motors CEO Mary Barra and Anton Valukas, head of GM's internal recall investigation, testify on the GM ignition switch recall during a US House Oversight and Investigations Subcommittee hearing on Capitol Hill in Washington, DC, June 18, 2014.
General Motors announced Monday that it will recall 8.4 million cars manufactured between 1997 and 2014 due to a defect in ignition switches. Yes, that's 8.4 million more recalled vehicles for the embattled company.
In a statement, GM says they are aware of seven crashes, eight injuries and three fatalities possibly related to the defect:
"GM expects to take a charge of up to approximately $1.2 billion in the second quarter for the cost of recall-related repairs announced in the quarter. This amount includes a previously disclosed $700 million charge for recalls already announced during the quarter...
Until the ignition recall repairs have been performed, it is very important that customers remove all items from their key ring, leaving only the vehicle key, and always use their seat belts. The key fob, if present, should also be removed from the key ring."
As we've learned: This could be a big deal for our key-carrying Marketplace listeners.
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