Seeking Alpha

GM halts certain Cadillac sales; No fix for recall yet

  • GM (NYSE:GM) has told its dealers to stop selling some Cadillac models because a fix in not yet in place for its defective ignition switch.
  • The recall was issued on July 2 and updated July 8 after it was discovered that the vehicle's engine can shut off if the driver's knee bumps the ignition key. Total Cadillacs in the U.S. being taken back for the fix is estimated at ~554k.
  • "The order is still in effect for the foreseeable future," says GM spokesman Alan Adler. "GM engineers are looking at one common solution for all the recalled Cadillacs, but they don't have it yet."
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Comments (14)
  • SkyD
    , contributor
    Comments (26) | Send Message
     
    "See the U..S..A in your Chevrolet...." oops, Honda, Mazda, Toyota, Nissan
    20 Jul 2014, 12:09 PM Reply Like
  • Fatherbear
    , contributor
    Comments (57) | Send Message
     
    Yeah, like of the other auto makers don't or haven't had recall issues. Ask Subaru about recent problems. I spent 13 of the first 17 days of July seeing the USA (8 states) in my Chevrolets - 2300 miles in my 2011 Camaro and 1800 miles in my 2007 Equinox. My wife and I vacation in the Camaro; we traveled with our oldest grand-daughter to an elite softball camp at a major Big 10 school with the Equinox.

     

    At least give credit to GM for being proactive. I've owned Fords, Hondas, Chryslers, Volvos, or their respective products. I'll keep driving Chevys. Btw, I own both GM and Seadrill with profits. Not time to close the positions yet.
    20 Jul 2014, 02:43 PM Reply Like
  • gatorj
    , contributor
    Comments (48) | Send Message
     
    It appears that GM has gone from neglecting to respond to the clearly obvious to attempting to idiot-proof the vehicles. Twenty years ago, most drivers had the door, trunk,house and perhaps an office key along with the remote on their key rings. For the past ten years or so, people have been adding all sorts of stuff and today they can put 3-5 oz. of weight on their key ring. As soon as GM learned of this problem, it failed to act and for that, it is guilty. The fact that society has changed how it drives, that the car key ring has evolved into an everything ring, is not GM's fault. HOWEVER, GM learned of the changes and found that the old ignition system did not work with the changes, and then hid what it knew and then allowed more accidents to happen without making the changes, well, that is wrong and GM will pay dearly. Failing to act on that change, to create an ignition switch that supports the changing function of the car key ring is GM's fault.
    Now the company has determined that if someone has their knees high enough to hit the ignition switch, the engine could turn off. I wonder where this will end.
    At some point, we are going to find all sorts of possible driver caused issues that are going to create a recall nightmare.
    20 Jul 2014, 12:18 PM Reply Like
  • lemm
    , contributor
    Comments (760) | Send Message
     
    Did any one read the story a couple of days ago,about the guy complaining about his car turning off? When the dealer looked he had around 50 keys and a set of brass knuckles hanging from the chain,give me a break you can't fix stupid.I don't care what the car companies do to make them safe,there will always be an idiot that figures out how to kill himself in it.
    21 Jul 2014, 09:59 AM Reply Like
  • Budavar
    , contributor
    Comments (1393) | Send Message
     
    Here is a request to GM holders:

     

    PLEASE take your blinders off + look beyond auto stocks.
    There are plenty of opportunities which offer less risk + higher income out there.

     

    For example, one can switch from
    GM, recent price $37.50 into SDRL (NYSE) recent price $38.17.
    For a slight premium, one can increase the dividend 3X AND
    get in a stock with only 1/3 of GM's PER ratio.
    SDRL is also scandal free.

     

    Anyone with a wee due diligence can find greener pastures beyond GM.
    20 Jul 2014, 01:51 PM Reply Like
  • Fatherbear
    , contributor
    Comments (57) | Send Message
     
    Wanna make $ with GM? Sell covered calls!
    20 Jul 2014, 02:46 PM Reply Like
  • Frank79
    , contributor
    Comments (44) | Send Message
     
    I will not do so. Sea oil drilling companies including SDRL face significant troubles and that's why their share prices dropped more than 20% this year.
    21 Jul 2014, 06:10 AM Reply Like
  • funfun
    , contributor
    Comments (3385) | Send Message
     
    For months avid promoters and proponents of GM Management have tried to convince investors that the deadly ignition switch scandal only involved decade-old cars like the shoddy-built Chevy Cobalt. Not so. Looks like even their latest models in dealer showrooms today, including their premier Cadillac brand, have this lethal defect!

     

    What a colossally inept and criminally negligent Management in Ren Sin!

     

    …funfun..
    21 Jul 2014, 11:49 AM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1463) | Send Message
     
    Fun fun Gm is mailing out recall notices to a lot of GM owners, interestingly in some of the recall notices, they are saying they don't have the necessary parts to properly repair the vehicles but will get back to the vehicles owners some time in the future?

     

    Incompetence.
    21 Jul 2014, 12:45 PM Reply Like
  • funfun
    , contributor
    Comments (3385) | Send Message
     
    Incompetence, yes, but even more frightening is the fact that drivers of these bad GM cars are out on the roads creating lethally potential hazards to themselves, their passengers and other motorists. …funfun..
    21 Jul 2014, 12:59 PM Reply Like
  • lemm
    , contributor
    Comments (760) | Send Message
     
    Incompetence? What are you talking about? GM is looking at every little thing that could possibly go wrong,They have found a few instances where a key could be turned off with a knee.They are looking for a fix for it,I would say that is a good thing.How could they possibly have all these parts setting around on shelves? GM will have the parts made in do time,quit complaining capt,GM is going to try to make all cars idiot proof.I wouldn't call that incompetence.I would call it a good thing.
    21 Jul 2014, 01:08 PM Reply Like
  • lemm
    , contributor
    Comments (760) | Send Message
     
    http://strib.mn/1nuyIQn I don,t know how to put the links on that you can just click to get to the article,but if you look this up it is an interesting article,for those that aren't bashing on GM all day.I guess I do,that link will take you to the article.
    21 Jul 2014, 01:21 PM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1463) | Send Message
     
    Yes incompetence, one of my family members got a recall notice 7 years since the vehicle was purchased new, about an issue with the brakes not working properly, and low and behold, they mention that they don't have the parts to do the fix.

     

    Unless this is some wack advertising idea to encourage GM owners to replace their old GM cars? out of fear which in of itself is just dumb.

     

    The family member who drives said GM product never did like how the brakes didn't seem to work or needed to be applied more heavily, luckily no one has been killed, but how are you going to wait 7 years on defective brakes and then mail something out saying your brakes might be bad but we don't have the either the parts or the smarts to make them right.

     

    Malibu...

     

    Car designed so poorly that you can't drive it safely while it's raining.
    21 Jul 2014, 01:39 PM Reply Like
  • lemm
    , contributor
    Comments (760) | Send Message
     
    Here we go with breaks again.That is all you talk about Capt.,If that is the only thing you have to complain about?I guess if your family member is still alive and not having trouble the breaks are working OK.
    22 Jul 2014, 04:56 PM Reply Like
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