bosses are impressed by what they re seeing. a the lot of communication, conversations on the hill. she is going to come back, testify again in july and is just trying to really put forward the safety first image of this company even as these committees are pouring through thousands of pages of documents, internal gm documents about these recalls. now, remember, since 2006 the ignition switch recall started it all. gm has been really aggressive on recalls, more recalls than cars sold in the last five years. it can t be good but you re about to tell me that it might be. all of these recalls, it s not good it s not good to make a product and have to make the product back. that s basically a failure of someone making a product. however, you re hearing from dealers that traffic is up. you re hearing they re getting more people in. the people who are going to be having a recalled car fix are getting a loner. they re going to drive a loner a late model car and morgan stanley says if ev
sale, gm comes out ahead. gm sales and profits come out ahead. you were explaining to me these recalls, there are so many of them, they can t keep up with it in terms of parts. they don t have a business model to support this many cars. you are supposed to make a car and sell it, you ve sold it and there are he occasional maintenance issues but you don t have to rae do a part of the car or the wiring and the tail end. they actually don t have the parts they need yet to do some of these repairs and we re hearing from the dealers that, in fact, some people are coming in with cars and they have to tell them we can t actually help you right now. the stock is down 6%. the big recall in february, it s down 6% since that february recall. they had to take a $1.7 billion in the first quarter to pay for all of this stuff.
really hits home really close to home for michelle knight. you remember she was held for more than a decade herself in that cleveland house of horrors. she was a very emotional response to the suggestion that woman in california might be lyi lying. it s part of our exclusive interview and you ll want to hear michelle s very unique perspective on this. also ahead, when you re recalling more cars than you re selling, that cannot be a good thing, right? maybe it is. gm may be getting an unexpected bonus from all the recalls it s putting out. word is there s more on the way.
general but when does it become that s not an okay excuse? we are not going to settle l that today. sorry, america. we tried. we did our best. and we continue. ben, always great to see you. see you later, buddy. we appreciate the effort on new day. next up for us, the story of a california kidnap victim who says she was held captive for ten years. the story is now being called into question. hear why her alleged abductor claims this girl is making the whole thing up. plus, recall has become a four-letter word for general moto motors. word is there s still more to come. what gm s new ceo is doing about this and what it could mean for you and your car.
zillow. welcome back. a new report says general motors could could continue their vehicle recall rally all the way into midsummer on top of the vehicles already recalled worldwide. this is gm s ceo making multiple visits to capitol hill to update lawmakers on an internal investigation into faulty ignition switches. so is this gm s way of rebranding itself to be the safety first company? let s explore this with christine romans. good morning. is this enough? is she going about this in the right direction? congressional aides are saying they are impressed, their