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10 Biggest Recalls In Automotive History
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interesting as well, because there was a big memorial day recall of three very popular crossover suv-type cars. the buick enclave, gmc acadia, chevy traverse. somebody who went into that important weekend wanting to buy something, there were stop sale orders on some of the popular models. even with that, strong performance in the month for general motor. carol? it s interesting, because reuters is reported it found at least 74 people have died in gm cars, in accidents quite similar to those connected with those faulty ignition switches. what do you know about that? we ve talked to general motors about that reporting, and they are sticking by, general motors, sticking by its 13 13 fatal accidents, because of the ignition switch recall, and says that it is continuing to monitor all the claims as they re made aware in the recall population, but reuters looked at something called the fatality rosting system.
there are also complaints about the health of the food there. one woman stood up and said that ronald mcdonald is the new joe camel and why is the food so unhealthy for children? so it was on wages, it was on health, a lot of different things, a lot of different complaints at that meeting. more on mcdonald s coming up tomorrow on your money, 2:00 p.m. eastern here on cnn. a look at an early start on your money this morning. stocks lower across europe. futures here, look, s&p futures up one point. this is after a great day for u.s. stocks yesterday. the dow rose 160. the s&p almost made a new record high. meantime, gm still the stock to watch. shares are down 6% since the ignition switch recall was announced in february, but that doesn t really tell the whole story. gm set aside $1.7 billion to pay for the recall last quarter. that essentially wiped out its profit for the first part of the year. and that money is turning into a stimulus of sorts for dealers. not only is gm paying
i mean, these workers are very angry. they, on average, fast-food workers make like $9 an hour. they want $15. that would be a big, big jump. franchise owners say, no way. with rising ingredients costs, they can t afford to pay higher wages. berman likes this, where he has to look at me twice. talk to yourself. more on that coming up tomorrow on your money, 2:00 p.m. eastern. one day i ll fill the whole screen. torture you. time for a look at money. futures basically flat. s&p futures up about two points. this follows a great day for u.s. stocks yesterday. the dow rose 160 points. the s&p almost made a new record. meantime, the big company story, gm still the stock to watch. those shares are down 6% since the ignition switch recall was announced in february, but that really doesn t tell the whole story. gm set aside $1.7 billion to pay for the recall last quarter. that essentially wipes out its profit for the beginning of the
a problem. they were criticized for not recalling cars quickly enough. yeah, absolutely, of the cars recalled, 200,000 of those. they didn t give the exact date. but they re being aggressive and trying to get in front of any sort of potential safety issue because of all the criticism they faced. the congressional testimony that the ceo had to give in april and that $35 million fine last week from the government. they said quote, see if, if it needs to get fixed get it done. that is the way this company is trying to be proactive and show the country they re trying to change. they say in terms of the latest recall there are no injuries associated with it but they re investigating some fires. you know, why are we seeing this mountain of recalls from general motors right now? it is because the last thing this company wants is for anybody to point a finger at
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