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The General Motors ignition switch recalls refers to February 6, 2014 when General Motors recalled about 800,000 of its small cars due to faulty ignition switches, which could shut off the engine while the vehicle was in motion and thereby prevent the airbags from inflating. [ 1] The company continued to recall more of its cars over the next ...
Product recalls are one of a number of corrective actions that can be taken for products that are deemed to be unsafe. [1] The recall is an effort to limit ruination of the corporate image and limit liability for corporate negligence, which can cause significant legal costs.
Automotive warranty. An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with ...
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Motors Liquidation Company ( MLC ), formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of American car manufacturer General Motors. It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors, the second to ...
The GM diet is a seven-day weight loss plan that claims to help you drop up to 15 pounds in a week. General Motors allegedly created the diet in 1985 for its employees to promote wellness and ...
The GM Instrument Cluster Settlement was a 2008 class action settlement awarded to owners of certain General Motors vehicles with allegedly defective speedometers. The settlement allows the owner or lessee to get their instrument cluster replaced under the terms of a special coverage adjustment to their factory standard warranty .
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.