Jul
01

Car Crisis

With its 45th recall this year totaling 8.5 million cars, GM has now recalled 28.5 million cars worldwide and has raised its total recall-related charges to almost $3 billion; just $105/car! At that low price/car, GM appears to be recalling every vehicle ever made and getting all the bad news out now. Kidding aside, the recalls aren’t hurting business. GM sales in June were at their highest since 7/08.

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