General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
The company is aware of a single reported accident and a relatively small number of complaints involving 0.015 percent of the subject vehicle population.
The agency accused Chrysler of moving too slowly to fix up to 2.5 million older Grand Cherokees and Libertys with gas tanks behind the rear axles.
BMW is expanding a recall of its most popular models to fix a growing air bag problem that is hitting much of the auto industry.
The automaker says it knows of three injuries related to this problem…
The 2005 email, unearthed in April during a company wide review of ignition-switch problems, is more evidence that GM knew about safety problems for years but failed to recall troubled cars until recently.
Seasonally Adjusted Annual Sales Rate hits 17 million for the first time since 2007, as customers ignore recall news.
GM CEO Mary Barra says 15 employees — many of them senior legal and engineering executives — have been forced out of the company
Good weather and a strong Memorial Day weekend helped car buyers ignore reports of recalls, pushing car and truck sales up more than ten percent in May.
General Motors CEO Mary Barra has told Washington lawmakers that GM could simultaneously release an internal investigation into a deadly ignition switch problem and its plan to compensate victims.