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General Motors Recalls Even More


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General Motors has had a rough start to the current fiscal year as far as brand recognition synonymous being to safety. The parent company and family of brands that fall under the parent company have all been affected by the staggering amount of vehicles being recalled. The auto industry which has in recent years only started to regain its ground in U.S. sales since the collapse of the industry, has slowly been reeling in on the various safety issues and vehicle performance that appeals to the current market of buyers. Adding to all of that, General Motors has released as of yesterday that the company is recalling another 7.6 million vehicles in the U.S. and 8.45 million vehicles in Canada.

The latest recallgeneral motors 3

The latest recalls that is affecting 7.6 million vehicles in the U.S. and another 8.45 million vehicles in Canada covers vehicles produced as far back as 1997 and as recent as 2014. General Motors has stated that is expects to take a charge of 1.2 billion dollars in the second quarter alone. The 1.2 billion dollar charge is in addition to the already disclosed 700 million dollar charge that had been released and anticipated by General Motors. The company has announced that a total of six new safety recalls are going into affect as early as yesterday. General Motors CEO Mary Barra had commented that the company has been more focused on safety since the emergence of their rather deadly neglectful past ways. The recalls newest recalls are not so much new as they are ranging among more vehicles. The ever present issue seems to consistently come full circle around to the ignition issues that have been plaguing the vehicles produced by General Motors. The latest recall issued by General Motors has continued to show how deep the lack of product safety when producing vehicles at the lowest cost in order to maximize profits. The faulty ignition switches, overheating components, mounting electrical issues and air bag non-deployment has continued to plague all vehicles tied into the General Motors name.

Sales up, confidence down

General Motors despite the seemingly unending amount of recalls constantly being added to the current and most up to date lists, has seen their sales numbers sky rocket when compared to the sales of recent years. Many industry analysts have yet to come up with a reason why sales for General Motors and affiliated brands has been the highest for the company in the last five years. Confidence in the safety of vehicles produced by General Motors has constantly been called into question, especially with the most recent addition of vehicles affected by faulty ignition switches and lack of air bag deployment in many vehicles being produced by General Motors as far back as 1997 up through modern day production.

General Motors has publicly announced that the processes that were most affected when it comes to safety have been targeted and fixed. The firing of those engineers, legal representatives, and General Motors leadership has taken place within recent months as a way of infusing a sense of trust between the company and the public. While the sales numbers continue to rise at many General Motors dealerships and outlets the shares of GM stock continue to drop. Shares of GM stock has been consistently falling, as of yesterday afternoon trade Shares of General Motors stock was down 1.7 percent. Last week shares of General Motors stock had been trading at a low of 32 dollars per share worrying many would be and current investors. The falling price for GM stock continues to hurt the view of General Motors in the eyes of the public despite the rising sales at the end of each month.

Recent recalled vehiclesgeneral motors

As of yesterday, June 30th 2014, General Motors has released the vehicles by year that were affected and are as follows:

1997 – 2005 Chevrolet Malibu
1998 – 2002 Oldsmobile Intrique
1999 – 2004 Oldsmobile Alero
1999 – 2005 Pontiac Grand Am
2000 – 2005 Chevrolet Impala and Monte Carlo
2004 – 2008 Pontiac Grand Prix
2003 – 2014 Cadillac CTS, 2004-2006 Cadillac SRX
2011 – 2014 Chevrolet Cruze, 2012-2014 Chevrolet Sonic
2013 – 2014 Chevrolet Trax, Buick Encore, an Buick Verano
2014 Buick Regal, Cadillac XTS, and Chevrolet Camaro and Impala
2007 – 2011 Chevrolet Silverado Heavy Duty, GMC Sierra Heavy Duty
2005 – 2007 Buick Rainer, Chevrolet TrailBlazer, GMC Envoy, Isuzu Ascender, Saab 9-7x
2006 Chevrolet TrailBlazer EXT, GMC Envoy XL

All of these vehicles are affected by either faulty ignition issues, electrical shorts that could disable power door locks and window switches and in rare cases cause overheating and fires.

The recalls issued by General Motors constantly exceeds industry history and topples records when it comes to the largest recalls to date. The biggest problem seems to be the lack of quality control or safety features that have corrupted General Motors products and family brands over the last two decades. New moves made by Barra and the rest of the General Motors leadership has been projecting a view of confidence onto the public as the company reaches for new safety procedures in corporate responsibility and production.

 

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