By on May 22, 2014

GM RenCen Storm Clouds

Detroit Free Press posits the endless recall parade General Motors has been leading since late February 2014 may be doing more harm than good for public perception or its bottom line. Though spokesman Greg Martin claimed the recalls were an effort to make his employer “a first-class safety organization” by focusing hard upon the consumer, a survey by AutoTrader found 51 percent of auto consumers were less confident in the industry’s overall safety record as a result of the actions by GM, up from 44 percent who thought the same five days’ earlier. In addition, the automaker will take a $400 million charge in Q2 2014 for the recalls since April 1 as of this writing, while its current stock price of $33.07 per share is a few cents above its IPO price from November 2010.

(Read More…)

Recent Comments

  • midnite_clyde: This can’t be!!! The Accord made Car and Driver’s 10 Best list 37 years in a row. Their...
  • SPPPP: I might have gone with “Unintended Acceleration (Lateral Edition)”.
  • cimarron typeR: not a vw fanboi , but our 07 Eos we’ve had since new has 70k miles and has only leaked once at...
  • speedlaw: I was able to order an e46 with a sunroof delete but when I tried that with my w205 I was told since they...
  • Corey Lewis: I argue classic is age based. Eventually there are fewer and fewer around, until there are six of any...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber