Tomahawk, WI 06/30/2014 (Basicsmedia) – General Motors Company (NYSE:GM) has been always a top notch performer, pertaining to solving gnawing safety concerns, piquantly. Lately, GM announced three prominent recalls that includes a recall of a sumptuous and cumbersome top-selling vehicle – all for petty safety breach problems. Thus, the company has shown its high-handedness in dealing with safety-related grievances and concerns with pragmatism and subtle insights.
The latest recalls comprise a top-to-bottom safety review. In totality General Motors Company (NYSE:GM) has recalled 48 totalled at more than 20 million vehicles (trucks and cars) till date on gnawing safety related concerns. This ostensibly beats GM’s tally of 10.75 million in 2004. The latest recall comprises and duly cover approximately 474,000 vehicles across the world, on account of a myriad of problems.
The most affected versions of the vehicles have been Chevrolet Silverado, GMC Sierra pickup, GMC Yukon, Chevrolet Tahoe, and such other suburban SUVs. Indeed, Sierra has been one of GM’s fad – a top notch and high selling vehicle; hence, the onus of this recall would suffice on GM. However, General Motors Company (NYSE:GM) is focused to ensure that the users ride on vehicles that are safe and sound; this has been the cutting-edge point harped on, that would affect and dictate the trade activities at the share market.
Glitches And Gloom
Associated company resources revealed that GM had severe and worrying technical software glitches that resulted in shift in cases of transmission-transfer on 2014 or 2015 models. It was evident that such cases of power losses would let to trucks rolling away when parked.
GM admitted that there are hardly any chances of injuries or sustaining crashes. However, most of the cars sold across Canada and the US have been recalled in order to aptly recalibrate the associated software.
Recalls Surpass 32.4 Million Till June 2014
This year, the instances of large recalls have been unprecedented, as a tally of 32.4 million cars over a span of 6 months, literally took over the precedented annual record of 30.8 million in 2004, adding to General Motors Company (NYSE:GM)’s troubles, pushing it into murkier waters. GM has further announced that it has faced recall costs over $2 billion and a $35 million dally-fine to NHTSA. Certainly, investments would take a toll, owing to such unprecedented recall!