Additional 2.6 Cars Recalled by GM

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Additional 2.6 Cars Recalled by GM

General Motors Co. plans to recall another 2.6 million vehicles globally, bringing to nearly 15.4 million the number of cars the company has recalled year-to-date, the company said.

The recalls are the latest the biggest US car manufacturer announced. However, the recall of the cars with faulty ignition switches tied to at least 13 deaths attracted the greatest attention. The firm has been scolded by safety groups and punished by US safety regulators for not handling the switch defect earlier, Reuters reports.

GM also announced on Tuesday that it’ll double its charge for the second quarter to almost $400 million, mostly to address repairs. The auto maker took a charge of $1.3 billion in the first three months of 2014, the bulk of which was utilized in the ignition switch recall.

The latest action brings to 29 the number of US recalls GM has implemented this year, the Detroit-based firm said. The figure puts into account the recall of 2.6 million vehicles to fix glitches in ignition switches. The total number of units the company has recalled so far is more than the combined figure for the previous five years.

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The latest recalls are meant to address safety issues with air bags, transmission systems, heating issues, seat belts. Most of the affected units were sold in the US.

According to Financial Times, GM said the latest actions are not linked to any deaths. The Chevrolet Traverse, GMC Acadia and Buick Enclave are some of the models being recalled.

Last week, GM said it would implement five recalls involving 3 million units on a global scale and announced a second-quarter charge of around $200 million. The US National Highway Traffic Safety Administration slapped GM with a record fine of $35 million for failing to respond swiftly to the ignition switch glitch.

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To contact the reporter of this story; Yashu Gola at yashu@forexminute.com