General Motors Recalls 7 Million Vehicles,A few of them dates back to 1997

The big automobile company,General Motors announced Monday afternoon that the company is recalling 7 Million vehicles back some of which dates back to 1997 for the safety issues of its customers.

GM said it is aware of seven crashes, eight injuries and three fatalities. The company said that the fatal crashes occurred in older model full-size sedans that are now being recalled for “inadvertent ignition key rotation.”


Vehicles included in this latest recall include the 1997-2005 Chevrolet Malibu, 1998-2002 Oldsmobile Intrique, 1999-2005 Pontiac Grand Am and the 2003-14 Cadillac CTS . These models were recalled for the faulty ignition switch that is linked to at least 13 deaths but potentially many more — as many as 100, by some estimates. Other vehicles recalled Monday include the 2007-11 Chevrolet Silverado HD (for an “overload in the feed [that] may cause the underhood fusible link to melt due to electrical overload”) and teh 2005-07 Buick Rainier (for a “possible electrical short in the driver’s door module”).

GM said it expects to take a charge of up to approximately $1.2 billion in the second quarter for the cost of recall-related repairs, a figure that includes a previously-disclosed $700 million charge for recalls already announced during the quarter.

This latest recall brings GM’s total recalls to more than 28 million this year.

Earlier on Monday, GM announced that it will not cap the amount it will pay to victims of the faulty ignition switch, and that payments will start at $1 million. The director of GM’s compensation fund is Kenneth Feinberg, who also led the 9/11 compensation fund. In a statement released earlier on Monday, Barra said that GM is “pleased that Mr. Feinberg has completed the next step with our ignition switch compensation program to help victims and their families:” and that “we are looking forward to Mr. Feinberg handling claims in a fair and expeditious manner.”