GM recalls 8.4 mn more vehicles

General Motors (GM) announced Monday that it would recall 8.4 million more vehicles mainly because of potential ignition key problems, which will bring the total number of vehicles recalled by the automaker this year to 25.7 million.

The affected models range from 1997 to 2014, and include the following vehicles: 1997 to 2005 Chevrolet Malibu, 1998 to 2002 Oldsmobile Intrique, 1999 to 2004 Oldsmobile Olero, 1999 to 2005 Pontiac Grand Am, 2000 to 2005 Chevrolet Impala and Monte Carlo, and 2004 to 2008 Pontiac Grand Prix, which total 7.6 million out of the 8.4 million cars to be recalled, Xinhua reported.

 

GM said they were aware of seven crashes, eight injuries and three fatalities related to this latest round of recalls. The fatal crashes occurred in older model Chevrolet Impalas which the company is recalling for inadvertent ignition key rotation.

GM's stock price initially plummeted by 2% or 75 cents, when the announcement was made, but the price has since stabilised.