Seeking Alpha

Add Chevrolet Camaros to GM's recall woes

  • General Motors (GM) recalls 511K Chevrolet Camaros due to a potential driving issue that could lead to loss of power.
  • The automaker says drivers sitting close to a steering column could accidentally bump the car out of a run position if their knee hits the key FOB.
  • The action covers all Camaros sold in the U.S. from 2010-2014
  • In separate actions, GM recalls another 65K cars for different issues.
  • For those scoring at home, GM is providing a running recall tally on its website. The recalls today put GM at 13.79M recalled vehicles in the U.S. for 2014 and 15.8M for General Motors North America.
Comments (16)
  • funfun
    , contributor
    Comments (3295) | Send Message
     
    Another weekend; another recall.

     

    38 recalls year to date, 17 million GM cars and trucks: Overwhelming proof that the bumbling bosses of Generally Mediocre Company have been selling unalloyed junk for years, millions of defective vehicles, many of them with lethal potentiality.

     

    That is a big waving RED FLAG for would-be GM investors.

     

    …funfun..
    13 Jun 2014, 09:50 AM Reply Like
  • funfun
    , contributor
    Comments (3295) | Send Message
     
    We are more than mildly curious:

     

    How many millions of GM cars produced and sold in the Peoples Republic of China or in Europe come fully equipped with deadly defective parts and subsystems, as yet undiscovered, undisclosed, and un-recalled?

     

    Inquiring investor minds want to know.

     

    …funfun..
    13 Jun 2014, 09:53 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    The headline recall here is the key itself not the car.

     

    So, the customer gets a new Key & Fob, BFD

     

    Apparently they have decided the handle or "Thumb" side of the key is large enough (due to it's integration with the fob) to make it theoretically possible to be twisted unintentionally.

     

    Apparently things and scenarios that where never even imagined before, are now being considered possibilities, no matter how remote.

     

    My wife's Toyota Landcruiser uses the exact same design.

     

    Expect similar recalls from other manufacturers.

     

    I would also expect start buttons in lieu of keys to become more common, not just in high performance sports cars either. Even some pedestrian type cars such as the Toyota Avalon are using them now.

     

    Sadly they have to use lots of imagination, to idiot proof as much as they can possibly envision.

     

    Cars designed by lawyers. This won't end well.

     

    Expect mandatory Seatbelt ignition interlocks to be making a comeback before long as well.

     

    I hear GM will be offering such voluntarily on some models soon.

     

    Sad, but hard to blame them, as these companies constantly get sued even when people don't wear their seatbelts, and are often solely responsible for their own injuries as a result.
    13 Jun 2014, 12:29 PM Reply Like
  • funfun
    , contributor
    Comments (3295) | Send Message
     
    At the finest car companies in the world, cars are not designed by lawyers. Take for example, intensely safety-focussed Daimler-Benz. In Stuttgart, Germany, there is no standing army of lawyers designing cars, only engineers, some of the best on the globe. Nor is the very word "safety" a dirty word at Mercedes Benz, banned and censored for usage by employees as the word was officially in 2008 for GM's hyper-controlled workers and Managers.

     

    Nor do criminal defense lawyers accompany the top officials of Daimler-Benz everywhere for public appearances and hearings!

     

    Viva la difference…funfun..
    13 Jun 2014, 01:16 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Funfun,

     

    What are you talking about?

     

    Mercedes-Benz ranks well below both GMC & Chevrolet brands in quality.
    Even Hyundai & Kia rank higher than M-B.

     

    ALL of GM's brands are always above industry average.

     

    2013 initial quality (2014 not yet released)

     

    http://bit.ly/Sluopb

     

    2014 dependability, Lots of GM cars. I fact most of them are GM vehicles. ZERO Mercedes -Benz

     

    http://bit.ly/RkyM31

     

    Customer satisfaction GM wins mainstream brands, Cadillac leads luxury brands, M-B 3rd to last place

     

    http://bit.ly/1ltpCAN

     

    I look forward to the 2014 quality survey to be released next week.

     

    I would remind you that Mercedes -Benz vehicles are at least 2X more expensive than GM's in aggregate, and are not even an obtainable product for the vast majority of Americans.
    13 Jun 2014, 02:43 PM Reply Like
  • funfun
    , contributor
    Comments (3295) | Send Message
     
    FACT: Any investor here have abundant documented evidence the Management and engineers of Dailmler-Benz have executed a massive cover-up and failure to correct deadly defects in their Mercedes-Benz cars, say the S-Class or E350s, or the C-Class, for more than a decade, which has killed or injured hundreds of unsuspecting women and men? Has the Management of Daimler-Benz been forced to issue 38 recalls this year covering 17 million of their defective cars and trucks? Has the head of Daimler-Benz been legally swaddled by a distinguished criminal defense lawyer specializing in white collar crime?

     

    Please come forward and adduce the evidence to assist Daimler-Benz shareholders, not to mention consumers, some of whom may have mistakenly purchased and drive a Mercedes E350 instead of a far safer, and higher quality Chevy CoBALK.

     

    …funfun..
    13 Jun 2014, 04:38 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Since you won't provide data, I'll provide some M-B Data for you

     

    Worst used cars. (note; ZERO GM cars on the list, plenty of German cars, Fords too.)

     

    http://nydn.us/1ltHBXK

     

    Most expensive cars to repair.
    http://bit.ly/1ltHECQ

     

    Stinker's List M-B

     

    http://bit.ly/1mT6CZl

     

    http://bit.ly/1mT6CZn

     

    http://bit.ly/1ltHBXN

     

    M-B disasters

     

    http://bit.ly/1ltHECU
    http://bit.ly/1ltHECW

     

    On of the worsts cars ever built M-B ML class

     

    http://bit.ly/1ltHBXQ

     

    "Marquee luxury brands Audi, BMW and Mercedes-Benz "are among the worst automakers overall in terms of reliability," CR says."

     

    http://usat.ly/1ltIhwg

     

    Stinkers list

     

    http://bit.ly/1mT6CZl

     

    http://bit.ly/1mT6CZn
    13 Jun 2014, 05:24 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    And just like I said,

     

    "Expect similar recalls from other manufacturers"

     

    http://seekingalpha.co...

     

    In the end, this will not be GM specific.

     

    People that live in glass houses...................
    18 Jun 2014, 11:02 AM Reply Like
  • autoguruwannabe
    , contributor
    Comments (10) | Send Message
     
    I am very appreciative for the GM haters that write venomous and sometimes unfounded and illogical retorts to articles about GM. After GM was capitalized at about $33 per share, those anti-GM advocates were very instrumental in driving the price of the stock down to $19. At that time it appeared that the stock was likely undervalued. Since, I was not that familiar with GM products, I went to some Chevrolet, Buick, GMC, and Cadillac dealers and closely studied the various models, and was extremely impressed. From my observations and after reading about the numerous quality awards GM had received, I decided to invest heavily in GM at $20 per share. As time went by, many American and worldwide auto buyers realized that GM had debatable the best overall line-up and the stock gradually rose to about $41; then declined to about $37, at which time I sold all the GM stock (85% return on investment), because of the rumblings of potential recall problems. I was confident that the GM haters would intensify their comments about GM, which would drive the stock price down again. GM did an absolutely horrible job in their failure to properly and promptly inform customers of recalls; however, that did not negate the fact that they have great cars and trucks. When it declined to $33, I bought it again. This time, I will likely not sell for two or three years, by which time the price will hopefully reach $66 (100% return, in addition to the previous 85% return). Thank you, GM haters, for you have sure contributed to making my portfolio healthy. I truly love you guys!!!!
    13 Jun 2014, 10:00 AM Reply Like
  • Budavar
    , contributor
    Comments (1387) | Send Message
     
    So why is GM stock up this a.m.?

     

    Stock manipulation for the S.E.C. to investigate?
    13 Jun 2014, 01:00 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Why,

     

    Because the smart money's buying while the dumb money follows the media and focuses on the past, vs the present & future.

     

    Stocks are about the future, not the past.
    13 Jun 2014, 01:10 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1118) | Send Message
     
    Harsh but true.

     

    Whenever I ask these GM bears what price they would buy at, they often say they would never buy due to ethical or gov't bailout issues. Not exactly rational investment behavior.
    13 Jun 2014, 01:13 PM Reply Like
  • funfun
    , contributor
    Comments (3295) | Send Message
     
    Fellow Investors, the continued and systematic harassment and heckling targeting any investor who refuses to buy the PR pulp and propaganda coming out of Ren Cen shows you what a sick and corrupt organisation the 21st century General Motors has become. What are they still hiding that no independent opinions and criticism can be allowed in this forum and other investor sites over the net without abusive ad hominem attacks, calling candidly-speaking investors "stupid" and worse. Investors are forbidden to question the quality and performance of GM leadership?

     

    This childish, and unprofessional misconduct over the internet speaks volumes. Ms. Barra should be keenly embarrassed over the tactics of her avid fans and PR operatives!

     

    …funfun..
    13 Jun 2014, 01:28 PM Reply Like
  • lemm
    , contributor
    Comments (670) | Send Message
     
    funfun I asked you the other day how being long and short in GM can work to make money.You haven't given me an answer yet, why is that?Is it because it won't work?I would really like to know.
    13 Jun 2014, 01:51 PM Reply Like
  • Frank79
    , contributor
    Comments (21) | Send Message
     
    Let's wait for July monthly sale. I am sure after recall events, GM will have safer cars than other company and the stock will be 50 next year. Mark my words.
    13 Jun 2014, 05:47 PM Reply Like
  • cbmetcalfe
    , contributor
    Comments (86) | Send Message
     
    Funfun, just wanted to let you know my GM warrants are up over 10% ...keep up your relentless and comical bashing of GM and BAC...I'm beginning to think I need to buy BAC as well...
    Reminds me of...
    Albert Einstein was quoted as saying:
    “Insanity is doing the same thing over and over again and expecting different results.”
    13 Jun 2014, 08:53 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs