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

  • APaGttH: Then your “vaccination” was not a vaccination because the whole point of actual vaccination is to prevent...
  • Master Baiter: [Disclaimer: I’m not saying that YOU should not get vaccinated. That’s between you and...
  • Slocum: Ascent had reliability problems in its first couple of model years, and Consumer Reports dropped it from its...
  • Slocum: They make the Outback XT, though, with similar power and performance to the Escape and CX-5. They may put the...
  • FreedMike: “Right now, liberal media will not acknowledge that blacks and Hispanics are disproportionately...

New Car Research

Get a Free Dealer Quote

Who We Are

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