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General Motors in another car safety recall | General Motors in another car safety recall |
(35 minutes later) | |
US car giant General Motors has announced it will recall another 2.4 million vehicles in the US because of safety concerns. | |
That takes the total number of cars GM has recalled this year to over 13 million in the US - more than the carmaker sold in 2013. | |
The latest move covers possible faulty seat belts, transmissions, and air bags, as well as potential fire issues. | The latest move covers possible faulty seat belts, transmissions, and air bags, as well as potential fire issues. |
No fatalities have been associated with this recall. | |
Most of the vehicles affected by the latest recalls were built between 2004 and 2010, although a small number of new cars and pickup trucks have also been included. | Most of the vehicles affected by the latest recalls were built between 2004 and 2010, although a small number of new cars and pickup trucks have also been included. |
Mounting pressure | |
The company has been under intense pressure recently from regulators to improve its safety standards. | The company has been under intense pressure recently from regulators to improve its safety standards. |
Last week the company was fined $35m (£21m) for failing to address different defects which have been linked to 13 deaths. | |
That was the maximum allowed by US law and it was the single highest civil penalty ever levied as a result of a recall investigation. | |
The recalls have already cost the company $1.3bn in the first three months of the year and it now estimates it will cost the firm around $400m in the April to May period. | |
It expects an internal investigation about the issue to conclude within the next two weeks. | |
Shares were down more than 3%. |
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