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Monday, June 30, 2014

GM Recalls Another 8.4 Million Vehicles

said Monday it’s recalling 8.4 million more vehicles in North America, the vast majority due to ignition switch defects, and disclosed additional fatalities. The automaker also dramatically increased its estimate of the cost of its recent wave of recalls, forecasting a second-quarter charge of $1.2 billion, up from $700 million.

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