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General Motors starts damage control over recall

  • 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.
Comments (4)
  • Milhouse
    , contributor
    Comments (330) | Send Message
     
    1.6 million sounds like a lot...I just looked up the 10 largest recalls in history, and the top one is Ford in 2009 (>14M). Funny how out of the top 10, 7 of them belong to Ford and GM. 1 VW, 1 Honda, 1 Toyota.

     

    http://on-msn.com/N6EneC
    12 Mar, 12:20 PM Reply Like
  • tcbracing
    , contributor
    Comments (255) | Send Message
     
    Quality has been going up and therefore, the number of vehicles has been going down recently. Toyota and Honda have led in the total vehicles recalled the last 4 years, but the Big 3 have been up there in number of actual recalls.
    12 Mar, 01:18 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3314) | Send Message
     
    Ford's was 5X bigger, and went on for a decade as well. (ignition switches)

     

    http://nyti.ms/OnkeSC;
    12 Mar, 04:32 PM Reply Like
  • JMay2
    , contributor
    Comments (9) | Send Message
     
    But GM was "bailed out", so people who don't know anything hate them.

     

    Buy now. And wait.
    12 Mar, 10:08 PM Reply Like
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