More Trouble for GM: 8.45M Additional Recalls, Trading Briefly Halted

“We undertook what I believe is the most comprehensive safety review in the history of our company because nothing is more important than the safety of our customers,” said Chief Executive Officer Mary Barra.

June 30 (Bloomberg) — General Motors Co., which has already called back more than 20 million cars in North America for various fixes this year, recalled 8.45 million more today for defects including ignitions and electrical malfunctions.

GM is recalling 8.23 million vehicles in North America, including Chevrolet Malibus from 1997 to 2005 and Cadillac CTS cars from the 2003 to 2014 model years, for unintended ignition- key rotation. Among the vehicles recalled today, GM said it’s aware of seven crashes, eight injuries and three fatalities. The fatal crashes occurred in older full-size sedans being recalled for the ignition flaw.

It isn’t clear whether the faulty ignition caused those crashes GM said. Shares, which had been temporarily halted, fell 1 percent to $36.27 at 3:38 p.m. New York time. They had traded at more than yesterday’s closing price for most of the day after Kenneth Feinberg explained how the company will compensate victims of an earlier ignition recall of 2.59 million small cars.