again motors starting off the new year with new retalls. more than 90,000 trucks pulled over roads for faulty ignitions. they caused them to the air bags to fall and not to deploy. from 2007 to 2014 that were repaired with fault twriwhy i parts. the sony hack is not the work with north korea but instead a disgruntled female employee. a private security firm looking into the cyber attack said a woman called lena was laid back in may and teamed up with other former workers to humiliate the company. north korea has been accused in the attack as retaliation for the new movie called the
gm s ignition switch crisis, its recall happened 11 years after gm learned of these complaints that ignitions could switch off. you saw more than a dozen deaths because of this. you saw its new ceo mary barra taken to task in front of congress, having to explain this corporate culture that didn t change and apologize for these deaths and injuries. takata air bags part of it as well. this was really the year of the recall. 60 million recalled cars, by the way, then you re seeing recalls because of these takata air bags. this is japanese supplier of air bags. this situation is more complicated. takata supplied air bags to ten manufacturers and recalled more than ten million vehicles in the us. these recalls still going on. my second loser of the year, oil, oil prices falling 50% from its high this year. of course, consumers winning on this one. we re getting lower gas prices. my third loser, sony. although sony having its rollout
mostly to costco and trader joe s. the company behind the recall says it is precautionary and voluntary, emphasizing no illnesses have been reported. chrysler is recalling hundreds of thousands of cars with faulty ignitions addressing a similar defect as general motors. nearly 800,000 jeeps made from 2005 to 2007 are being recalled. the ignitions could disengage, shut off the engine and disable the air bags. chrysler is notifying owners. of grand cherokees and commanders. engineers are working on a fix. apple posted third quarter earnings just under $8 billion. unbelievable. its biggest gains in nearly two years. and that s due in large part to cost-cutting as well as strong sales for iphones and computers. but overall, sales grew by less than 6%. a bit below wall street s expectations. analysts say that could be due to customers waiting for the release of the iphone 6. it s expected to go on sale in late september. incredible this happened before the release of the iphone 6 and
congressional approval. the president is vowing to stimulate the economy in remarks set for today, he s set to call on congress to invest in infrastructure. he says he s willing to take action on his own if republicans won t cooperate. the president is asking members of his cabinet to travel this summer to hear directly from the american people. general motors recalling 8.4 million cars worldwide. most of the recalls are for an ignition defect similar to the one gm failed to expose in chevy cobalt and others in decades. some date back to 1997. they have been linked to seven crashes, three deaths, eight injuries and they haven t been linked with the faulty ignitions. they have recalled 27 million cars in the u.s. alone this year. that is an astounding number.
another problem with ignitions. lauren simonetti has more for us. another problem. gm calling back 7.6 million more cars in the u.s. over the faulty ignition switches. the total number topping 26 million. monday s recall effecting bigger models dating back to 97 the malibu, grand am and pontiac. three deaths could be linked to this latest switch recall. however, the news came hours after the details of the new compensation plan were announced. the man in charge of that fund says there s no limit on how much he can award to victims and their families. for the first time ever southwest will fly one of its own planes to the destination outside of the u.s. it all starts three hours from now. southwest flight 1804 will start