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.
Buffett decided it was time to upgrade his ride after GM CEO Mary Barra pointed out improvements to Cadillac cars since 2006.
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.
General Motors says it needs to change or replace the keys for about 3.4 million cars because they could cause the ignition switch to move out of position if they’re carrying too much weight.
Carmaker says 2000 to 2014 model years have new type of ignition switch problem