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The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year

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Despite having a net worth of $400 million, Kevin O’Leary still shops at Walmart for $29 jeans: ‘I’m always looking for a great deal’

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Welcome to the 'upper-middle-class trap': why $300,000 a year doesn't feel like winning anymore
General Motors

Good news: GM didn’t recall as many cars as originally thought

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
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July 2, 2014, 4:21 PM ET
Inside GM's Warren Transmission Plant
The General Motors Co. (GM) logo is displayed on a flag flying outside of the company's transmission plant in Warren, Michigan, U.S., on Friday, Oct. 21, 2011. General Motors said they will invest $325 million in tools and equipment to support production of future electric vehicle components, creating or retaining 418 jobs. Photographer: Jeff Kowalsky/Bloomberg via Getty ImagesJeff Kowalsky/Bloomberg—Getty
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General Motors has recalled one of its auto recalls. Only some 2014 Cadillac CTS’s need fixes, not all of them, as the automaker had previously said.

GM (GM) issued six recalls covering 8.4 million cars Monday, but only 264 CTS’s with coupe or wagon bodies are included. These cars were built before a redesigned version of the model was introduced.

The Monday recalls brought the total number of  GM vehicles affected to 29 million for 2014, more than all of the cars recalled during the entirety of 2013 by all auto makers. This year, GM has recalled three times the number of cars it sold in 2013.

GM’s recall troubles started over faulty ignition switches installed in cars for over the course of a decade, leading to 13 deaths. It later emerged that the company had known about the problems for years but failed to warn consumers. GM announced a plan Monday to financially compensate victims and survivors of people who died.

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By Ben Geier
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