For EyesOnNews.com, By James Healey, USAToday, May 21, 2014 – General Motors is recalling a total of 2.42 million vehicles in four separate actions to fix safety flaws.
The total nearly matches the 2.6 million cars GM recalled in three stages earlier this year for a deadly ignition switch flaw. The biggest recent recall day, however, was last Thursday, when GM announced five recalls that totaled 3 million vehicles.
GM also said it now plans to take a $400 million charge against second-quarter earnings for the costs of recalls — double the $200 million it had forecast after the five recalls last week.
The automaker took a $1.3 billion charge the first quarter for recalls, almost wiping out its earnings.
GM says the new recalls are part of its “continuing effort to quickly address emerging safety issues.”