Categories: Business

GM recalls 218,000 more cars over fire safety fears

GM has announced it will recall another 218,000 cars in the US over fire safety fears.

The move comes a day after a global recall of 2.6 million GM cars over possible faulty seat belts, transmissions, air bags, and fire issues.

GM has announced it will recall another 218,000 cars in the US over fire safety fears

The latest recall covers its smaller Chevrolet Aveo cars from 2004 to 2008.

The total number of cars GM has recalled globally this year is more than 15 million.

No fatalities have been associated with this latest recall.

The company has been under intense pressure recently from regulators to improve its safety standards.

Last week the company was fined $35 million for failing to address different defects which have been linked to 13 deaths.

That was the maximum allowed by US law and it was the single highest civil penalty ever levied as a result of a recall investigation.

GM has already put aside $1.3 billion in the first three months of the year to cover the costs of the recalls and it now estimates it will cost the firm around $400 million in the April to May period.

The carmaker expects an internal investigation about the issue to conclude within the next two weeks.

QMZUOidBUSI
Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

House Panel Votes to Release Matt Gaetz Ethics Report

The US House Ethics Committee has voted to release its report on former Republican Representative…

4 days ago

ABC News to Pay $15M to Settle Trump Defamation Suit

ABC News has agreed to pay $15 million to President-elect Donald Trump to settle a…

1 week ago

South Korea’s Parliament Impeaches President Yoon Suk Yeol Following Martial Law Scandal

South Korea’s parliament has voted to impeach President Yoon Suk Yeol over his failed attempt…

1 week ago

Syria: Israeli War Planes Carry Out More Than 100 Air Strikes

Israeli war planes have carried out more than 100 air strikes in Syria on December…

2 weeks ago

Donald Trump Threatens 100% Tariff on BRICS Nations

President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS countries if they…

3 weeks ago

Syria Coup: Rebels Take Control of Aleppo

Syrian troops have withdrawn from the city of Aleppo following an offensive by rebels opposed…

3 weeks ago