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General Motors

Recalls 7.6m more cars

30 Jun, 2014

GM recalls 7.6 million vehicles in the US and a total of  8.4 million vehicles worldwide because of faulty ignition switches.  With this most recent announcement, the cost related to recalls increased from 500 million to $1.2 billion this quarter.  Attorney Keven Feinberg has been retained by the company to develop a victim compensation plan.