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GM's new transmission defect recall

Jul. 04, 2014 3:41 AM ETGeneral Motors Company (GM) StockGMBy: Yoel Minkoff, SA News Editor6 Comments
  • The auto woes for GM (NYSE:GM) continue, as the company announces its latest recall affecting Spark cars in South Korea. The automaker is recalling 27k vehicles due to a defective transmission mount.
  • The Spark is also sold in the U.S. and Europe, although a GM Korea spokesman says "the cars exported to the U.S. will not be affected by the recall, and the company is considering whether to take proper action in other markets such as Europe."
  • The total count for GM recalls this year has reached 29M.

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