What’s the average cost per car to replace the faulty ignition switches in 2.6 million small cars – the defect the company has linked to 13 deaths, scores of lawsuits, a federal criminal investigation, and multiple probes by congressional committees, federal regulators and state attorneys general?
$261, it turns out. When you add up all the massive recalls that GM has issued this year, it starts getting crazy. 29 million cars. $2.54 billion with a B. In other words, meet the new GM – no different than the old GM.