It seems like it was only yesterday that I was writing about General Motors' many issues with its automobiles. Oh wait -- it was! Today, there are 1.3 million more of them: the company announced yet another recall of 1.3 million cars "that may experience a sudden loss of electric power steering assist." That includes "Service parts installed into certain vehicles before May 31, 2010 under a previous safety recall."
Yes, at this point, GM is recalling its own recalls. In the first three months of 2014, GM has recalled 6.1 million cars. Last year, Toyota was the automaker with the most recalls, with 5.3 million. GM had just 750,000 recalls in that year, which means in the first three months of 2014 alone, GM has recalled more cars than it and Toyota did in all of 2013 combined.
GM also said it expects to spend up to $750 million this quarter on recall-related repairs, more than double its previous estimate of $300 million.
GM's CEO Mary Barra -- who has pretty much done nothing but damage control since she became the company's first female CEO in January -- is set to testify before a House committee tomorrow about the company's long-delayed recall of cars that had faulty ignition switches, a defect that killed at least 13 people. The majority of those deaths were people under the age of 25. Barra's prepared written remarks are available here.