Via ABC News:
The numbers are staggering. In the first six months of this year General Motors announced the recall of more than 29 million cars. That’s the largest number of recalls ever in one year by a single auto manufacturer. So far GM’s new car sales have not been hit hard by the dent to its reputation, but that might change when June sales are announced today by the auto industry. GM announced Monday the recall of 8.2 million more vehicles, most of them for faulty ignition switches. The company says it will take an additional $500 million charge against earnings to pay for the new recalls. So far GM has said it will spend $2.5 billion to fix safety problems. But this does not include the newly announced compensation fund for victims of crashes linked to flawed vehicles.
“So far these recalls haven’t impacted current sales and have had minimal impact on consumer perception, but we’re hitting unprecedented numbers and it’s reasonable for people to start asking, when and where will it end?” says Karl Brauer, senior analyst for Kelley Blue Book. “A quick look at GM’s sales records for the past 10 years, shows that the company has now officially recalled in the first six months of 2014 more cars that it has sold from 2007 to 2013,” says the Consumerist blog.