GM Recalls Reach 29 Million in 2014

General Motors Co., the nation’€™s largest auto maker, issued a recall on an additional 8.45 million vehicles last Monday. This announcement brings the number of recalled GM vehicles in North America up to 29 million for this year, updating their 2014 projected charge on earnings to $2.5 billion.

More than 8 million of the automobile recalls involved an ignition-switch defect, which can keep airbags from deploying in the case of an accident. In February, 2.6 million smaller vehicles were recalled for the faulty ignition-switch not only shutting off power to the airbags, but also to the vehicle’€™s power steering and power braking systems.

GM currently knows of seven automobile crashes that involved the recalled cars, causing three deaths and eight injuries.

Victims injured or killed in crashes involving certain vehicle models may be offered compensation payments from General Motors Co.

While the ignition-switch issue provided the largest number of recalls across North America, GM also issued recalls on Monday for vehicle models with electrical problems, a joint issue, and an engine block issue.

Although the first set of recalls were issued in February, GM has been aware of some of the issues for almost 11 years. General Motors Co. Chief Executive Mary Barra has issued an internal safety review in response to the latest recall, meaning that there may be more to come.

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