GM forecasts $1.3B charge in Q1 to cover expanded recall costs

|By:, SA News Editor

General Motors (GM +0.8%) tells the NHTSA it will add ignition lock cylinders to its safety recall of 2.2M vehicles in the U.S.

The automakers says it expects to take a charge of $1.3B in Q1 to cover recall costs and courtesy transportation expenses. The amount is inclusive of the $750M in charges that was announced last week,.

Even after the $1.3B is lopped off, GM expects to report "solid" core operating performance in Q1.