This General Motors recall of another 3.16 million cars in the U.S. because of faulty ignition switches is raising the company’s expected second-quarter cost to $700 million.
The automaker said Monday it will rework or replace keys for the vehicles, which range from model-years 2000 to 2014, because the ignition switch may inadvertently move out of the “run” position. The problem can occur if the key is carrying extra weight and experiences a jarring event like hitting a pothole, GM said.
If this problem causes the ignition to turn off, safety features such as airbags could be lost.
Full report here.