General Motors could report Thursday its first unprofitable quarter in four years, largely due to the estimated $1.3 billion cost of its ignition switch recall, but it remains profitable in North America aside from one-time accounting provisions.
... Motors recall delayed by years. By Gregory Wallace @gregorywallace April 22, 2014: 10:05 AM ET. general motors mary barra. GM CEO Mary Barra recently faced questions on Capitol Hill about the automaker's delayed recall for an ignition switch flaw.
Mark Reuss, GM head of global product development, purchasing and supply chain, said the shakeup, which essentially splits the Detroit-based automaker's engineering and product development arm into two separate groups, is an attempt to ensure a ...
For the period ended March 31, Detroit-based GM, the world's third-largest automaker, is expected to record net income of $134.6 million, or 9 cents per share, on average, according to analysts polled by Thomson Reuters.
When it comes to its ignition-switch debacle, General Motors (GM) wants to play it both ways. �Our full efforts are on our customers' safety and fixing their vehicles as quickly as we can,� says spokesman Kevin Kelly.
General Motors Co filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class action lawsuit that seeks to set aside the restriction.