GM faces resale value lawsuit

|By:, SA News Editor

General Motors (GM) faces a fresh lawsuit from a group of car owners seeking money to cover the lost resale value of their vehicles due to the ignition switch recall crisis.

The complaint tabulates a loss in value of up to $10B for vehicles involved in GM's 40 recalls this year.

GM CEO Mary Barra testified yesterday in front of a House hearing that the company had no plans to reimburse GM car owners for lost value.