General Motors starts damage control over recall

|About: General Motors Company (GM)|By:, SA News Editor

General Motors (GM -1%) will offer the 1.6M owners of the cars recalled due to an ignition switch issue a $500 cash allowance if they want to trade into a new vehicle.

The cash allowance offer expires on April 30.

All indications are that the automaker will be dealing with the backlash over its delayed disclosure of the issue for quite a while.