U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.
GM is telling customers to park the SUVs outdoors because they could catch fire when left unattended.
The probe was opened over an April 2011 car crash that severely injured an elderly man when the passenger air bags didn’t deploy.
General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
Lawmakers put Barra on the spot, telling the CEO she should have fired GM’s corporate counsel, Michael Millikin, based on the conclusions of an internal report.
Seasonally Adjusted Annual Sales Rate hits 17 million for the first time since 2007, as customers ignore recall news.
General Motors is recalling at least 7.6 million more vehicles dating back to 1997 to fix faulty ignition switches as the company’s safety crisis continues to grow.
GM CEO Mary Barra says 15 employees — many of them senior legal and engineering executives — have been forced out of the company
General Motors recalled a small number of Pontiac G6 midsize cars to fix a faulty brake light system in 2009, yet waited more than five years to call back over 2 million other cars with the same system.
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.
The recall is General Motors’ 29th this year, bringing the total number of recalled GM vehicles in the U.S. to around 13.8 million.
nother day, another recall from General Motors.
U.S. Secretary of Transportation Anthony Foxx and the National Highway Traffic Safety Administration’s Acting Administrator David Friedman are holding a press conference.
GM is on track to break the American automaker record for the most recalls in a single year, ever.
One day after the Department of Transportation refused to order GM to pull recalled vehicles off the road, the auto company has released a video showing tests they’ve done on the recalled vehicles.
General Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear.
Members of a Senate subcommittee accused General Motors of trying to cover up problems with an ignition switch that is now tied to 13 deaths.
CBS 2’s Jim Williams went to one Chicago dealership today to explain the turnaround.
Every Saturday morning we look at cars, kick some tires, take a test drive. This week, I drove out to the Detroit Auto Show.
Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.