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Here Are The 28.5 Million Cars Recalled By GM In The First Half Of 2014

Tyler Durden's picture




 

One could say things about what is now without doubt the biggest company joke in the history of the US - maybe global - automotive sector, putting even East Germany's infamous Trabant to shame.

Things like following the just announced latest recall of another 7.6 million cars across models from 1997 to 2014, and another 800K+ cars thrown in just because, GM has recalled more cars in the first 6 months of 2014 than it has sold in all of 2011, 2012 and 2013. Which incidentally would be true as the chart below shows.

Things like it took GM over a decade to that these latest recalls affecting cars made in the 20th century resulted in "seven crashes, eight injuries and three fatalities."

Things like GM expecting "to take a charge of up to approximately $1.2 billion in the second quarter for the cost of recall-related repairs announced in the quarter. This amount includes a previously disclosed $700 million charge for recalls already announced during the quarter." Of course, it goes without saying that this now weekly, forget monthly, charge is clearly non-recurring, and one-time, and those 160 hedge funds who are long GM stock are praying isn't allowed to enter Non-GAAP EPS as suddenly they will be left holding a stock that has far less value.

Things like why on earth is anyone still buying the absolute garbage this company still makes, when even it now has admitted it will risk customer lives on a grand scale if it allows it to save some shareholder value.

Things like it may get nastier for GM now that moments ago, finally and long overdue, the Orange County DA filed a civil lawsuit against GM for "intentionally concealing defects" and putting human lives at risk in order to boost profits.

Things like we can't wait for how many million cars GM recalls next week.

We won't say any of those things. Instead we will merely show a table laying out all the 28,470,653 cars GM has recalled in the first half of 2014: a run rate which at this rate will mean GM may recall more cars by the end of 2014 than it has made since emerging from bankruptcy!

Here it is:

 

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Mon, 06/30/2014 - 15:25 | 4910871 Soul Glow
Soul Glow's picture

Bullish.

Mon, 06/30/2014 - 15:27 | 4910882 Oracle 911
Oracle 911's picture

<Bailout tomorrow.

<Bailout day after tomorrow.

 

BTW you worded my 1st thought.

Mon, 06/30/2014 - 15:30 | 4910895 The Phu
The Phu's picture

I can't wait to bail out this shitshow one more time!!!

Mon, 06/30/2014 - 15:32 | 4910912 knukles
knukles's picture

Sure shows how good them Volts is.  Narry a recall.
Stop and think twice, folks.
It's built on a Cruise platform.... etc....

Mon, 06/30/2014 - 15:43 | 4910957 Hippocratic Oaf
Hippocratic Oaf's picture

paging dcFusor.....................

Mon, 06/30/2014 - 16:05 | 4911078 StacksOnStacks
StacksOnStacks's picture

"SHITS FUCKED"

Mon, 06/30/2014 - 16:37 | 4911209 Pladizow
Pladizow's picture

American Exceptionalism on Wheels - USA, USA, USA!

Mon, 06/30/2014 - 20:26 | 4912182 PrecipiceWatching
PrecipiceWatching's picture

Ignorant, vacuous comment.

The GM shitshow is the antithesis of American exceptionalisim, resembling instead the productive failures of non-market driven Eurotrash Socialism.

 

But you couldn't wait to wet yourself over yet another opportunity to slam the United States.

Mon, 06/30/2014 - 16:44 | 4911234 mkkby
mkkby's picture

Remember Ralph Nader?  He was warning everyone about GM cars back in the 60s.  They were hiding dangerous safety defects way back then.

But nobody wanted to listen.  The MSM said he was crazy, so all the stupid sheeple laughed and laughed.  Nothing's changed.  People have been warned a million times about buying GM products.  Hard to feel sorry for them when they'd rather watch TV and tune out real info.

Mon, 06/30/2014 - 17:29 | 4911386 Colonel Klink
Colonel Klink's picture

What's the difference between GM and Lois Learner.  Lois can't recall anything, GM recalls everything.

Mon, 06/30/2014 - 17:55 | 4911422 Lore
Lore's picture

Remember how Congress raked the President of Toyota over the coals in 2010 over what turned out to be a bullshit smear operation? 

TOYOTA PRESIDENT AIKO TOYODA ON TOYOTA RECALLS (Feb 2010)

EARLY TESTS PIN TOYOTA ACCIDENTS ON DRIVERS (WSJ, Jul 2010)

TOYOTA RECALL: THE FRAUD EXPOSED AND VERIFIED (Feb 2011)

Which one of these can we expect to take the stand and weep on camera? 

GENERAL MOTORS CORPORATE OFFICERS

Mon, 06/30/2014 - 20:18 | 4912139 Dexter Morgan
Dexter Morgan's picture

https://www.youtube.com/watch?v=qHDdqubE7zQ

 

Warren Zevon--My Shit's Fucked Up

Mon, 06/30/2014 - 15:36 | 4910926 wee-weed up
wee-weed up's picture

Gummint Motors...

Says it all.

Mon, 06/30/2014 - 15:40 | 4910948 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

Mighty Hyundai will be a factor, even in the US vs. GM.  Mark my words.

Mon, 06/30/2014 - 15:46 | 4910971 666
666's picture

The fact that a Ford Pinto is a better car than GM's entire lineup says a lot...

\s

Mon, 06/30/2014 - 16:05 | 4911079 cowdiddly
cowdiddly's picture

Gm the company that brought to you The Chevy Vega. the Metro, The Volt, the notorious Cadillac Northstar engine  with fine threads on the headbolts that strip out if it ever gets hot rendering the entire engine worthless on a luxury line no less that mechanics will not even touch.on and on.

The most Bureaucratic Layered company in the history of carmaking and they want me to believe only one engineer knew about the ignition. OTAY>

LET IT DIE ALREADY

Mon, 06/30/2014 - 20:30 | 4912200 Falling Down
Falling Down's picture

Extended faily members continue to buy their garbage.

My mom (fixed income, and a low one at that) forks over hard-earned cash every 4 or 5 years for shitboxes from GM. Latest is an '11 Malibu. Has to be one of the worst pieces of shits on the road.

I'm 5'8", and every time I have to move it i feel claustrophobic in it. Worse, I hit my head evry time I get into and out of it.

Let the company die, already.

 

 

Mon, 06/30/2014 - 16:02 | 4911056 lasvegaspersona
lasvegaspersona's picture

I've had 2 of the Korean cars and my 2011 Sonata was as nice as my 2006 Mercedes CL65 AMG (though certainly not as fast). My current 2013 Santa Fe is a great, trouble free smaller SUV. They could truly be a car for the future if they install bullet proofing and anti kidnapping features. My guess is that the USA is about to see the kind of thing that works for 'entrepeneurs' in so many other countries with currency 'issues'.

Mon, 06/30/2014 - 16:17 | 4911135 DoChenRollingBearing
DoChenRollingBearing's picture

The Sonata is a nice car.  They even have a hybrid out.

+ 1 for bullet-proof cars.  You're probably right.

Mon, 06/30/2014 - 16:36 | 4911208 RockyRacoon
RockyRacoon's picture

I have a Sonata and a Tucson -- both excellent and trouble-free.  Glad Hyundai decided to finally get into the car business.  Plan to keep 'em until they just plain quit.

Mon, 06/30/2014 - 19:19 | 4911894 SmackDaddy
SmackDaddy's picture

I went from driving an '07 Infiniti G35 (my pick) to fully loaded '13 Kia Sorento (wife's turn to pick).  

The G was a very fun daily driver, so I really wanted the small Infiniti SUV at first.  But they wanted $15k more for pretty much the same thing as the Kia.  Very pleased with the Kia....

Mon, 06/30/2014 - 23:27 | 4912750 sleepingbeauty
sleepingbeauty's picture

Kia's minivan (Sedona) wasn't a very good vehicle. Costly repairs and the thing never got warm in the winter. If it was really cold outside I couldn't drive long distances because the windshield would freeze even on maximum heat (Granted I live in a really cold place) but I bought the Nissan minivan after the Sedona died a horrible death and was pleased.

Wouldn't touch the GM minivan, every time I see one it is rusted out.

Mon, 06/30/2014 - 15:50 | 4910997 PiratePiggy
PiratePiggy's picture

How many lives would have been saved if the Democrats had not bailed out their union dues paying campaign contributors?

 

Remember, the "surplus" contributions not spent on the election is kept by the politician.

Mon, 06/30/2014 - 15:43 | 4910962 Zirpedge
Zirpedge's picture

A recall is an opportunity and job creator. Think of all the rental cars and mechanics needed to repair these recalls. Bullish is right, there will will also be a nice write off at year end for the tax advisers over at GM. 

Mon, 06/30/2014 - 15:55 | 4911023 Soul Glow
Soul Glow's picture

Broken Window fallacy.

Mon, 06/30/2014 - 17:59 | 4911530 Stuck on Zero
Stuck on Zero's picture

Hey Zirp.  You are right.  The big auto companies issue a lot of recalls only to drive customers back in to the dealerships.  Once there the dealer offers a free 50 point inspection and voila ...  hundreds of dollars of unneeded repairs.

 

Mon, 06/30/2014 - 18:15 | 4911616 Larry Dallas
Larry Dallas's picture

Cash For Clunkers Part II (or III? IV?)

Bullish!

Mon, 06/30/2014 - 15:26 | 4910875 Racer
Racer's picture

That's what you get when you give money to a rubbish company and reward it for bad behaviour... you get more of the same and to a much greater degree

Mon, 06/30/2014 - 15:26 | 4910876 ifishivote
ifishivote's picture

Americans are truly idiots.. how in the fuck can you go and actually purchase one of these piece of shit cars. Madoff is in prison for stealing but yet no one will do any time at GM even thou people ended up dying due to their negligence.

Mon, 06/30/2014 - 15:28 | 4910884 i_call_you_my_base
i_call_you_my_base's picture

"how in the fuck can you go and actually purchase one of these piece of shit cars."

No one else offers you financing?

Mon, 06/30/2014 - 15:32 | 4910913 ParkAveFlasher
ParkAveFlasher's picture

There's never been a better time to buy, JIMHFO

Mon, 06/30/2014 - 16:09 | 4911091 cowdiddly
cowdiddly's picture

"The Heartbeat of America" ^--^--^--^-------------------------------------------------------------------------------------------------------------

Mon, 06/30/2014 - 16:23 | 4911144 Emergency Ward
Emergency Ward's picture

...see the USA in your Chevrolet!

Mon, 06/30/2014 - 16:19 | 4911138 Emergency Ward
Emergency Ward's picture

Zero down, zero interest for 84 months, $12K instant cash rebate.  How can you NOT buy?

Mon, 06/30/2014 - 16:09 | 4911097 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

There's ALOT of brand loyal gm fanatics out there. Fucking peices of shit could be on fire and still will have buyers.

Mon, 06/30/2014 - 16:18 | 4911142 Greenskeeper_Carl
Greenskeeper_Carl's picture

That's true. They did used to make good cars. It's hard to break older people of some habits. My parents had a 2000 suburban, 285k on it, still kept it to haul dirty things rather than use the new one. Never had hardly any problems with it, original drivetrain, been a great truck. They just bought a brand new LTZ Tahoe, fully loaded. Usually run close to 60k brand new. They got a lot knocked off that price(total mind blower) back in October before they bought it. Already had to take it back cuz the stupid automatic tailgate lift replaced cuz it wouldn't work, seized up, and you couldn't even open it manually. So fucking stupid, who the hell even needs that anyway? But thy love that truck, and it sure is pretty. I still have my 04 z71 Tahoe, been paid off for years, great truck, and I driving it until it falls apart, but neither me or my wife will ever buy another GM vehicle. They have lost me as a customer for life. My parents, like millions of other Americans, are still hung up on the GM that used to exist a decade or two ago.

Mon, 06/30/2014 - 17:23 | 4911329 Lore
Lore's picture

I have similar experiences regularly with my boss and co-workers who bum rides from me to pick up their crappers from repair shops. Jeep, Chrysler, GM, Ford, it doesn't seem to matter: all American carmakers seem infected. Funny thing is, they know my car is reliable, they keep bumming rides from me, and it doesn't occur to them that maybe, just maybe, they should branch out from their lemons. Old habits die HARD!

Tue, 07/01/2014 - 08:49 | 4913354 fallout11
fallout11's picture

Funny thing is, as a GM purchaser from a couple of decades ago.....they were pieces of sh** then too. Owned several absolute dogs from the late 1970's through late 1980's, horrible vehicles that leaked, rattled, groaned, squeaked, and frequently left me stranded on the side of the road with expensive repairs. "On A Clear Day You Can See General Motors" (by former Chevy president John DeLorean) and "Roger And Me" pretty well covered that period's dogs, such as the "6000 SUX" lampooned in the original Robocop film (meant to be a Pontiac 6000).
They lost me and my family as customers forever 20+ years ago, I'd never again touch anything GM makes. Seems they have learned nothing since Ralph Nader was writing books.

Mon, 06/30/2014 - 19:39 | 4912012 GubbermintWorker
GubbermintWorker's picture

Fuck you. I'm an American and haven't bought a GM product since my 1966 Chevelle. It was a sweet car!

Mon, 06/30/2014 - 15:37 | 4910877 JustObserving
JustObserving's picture

Luckily everyone responsible for the recalls has been fired. No more recalls ever at GM.

Mon, 06/30/2014 - 15:28 | 4910885 Bemused Observer
Bemused Observer's picture

They're just working backwards on the list of every vehicle GM ever made. Six months from now, they'll be issuing the recall notices for all LaSalles.

Mon, 06/30/2014 - 15:31 | 4910907 Rainman
Rainman's picture

Somehow I think cheap shit parts bought in China had something to do with this.

Mon, 06/30/2014 - 16:07 | 4911084 The Most Intere...
The Most Interesting Frog in the World's picture

China?  Obama's little girls are stamping out parts in the basement of the White House.  I was wondering why I never saw them....

Mon, 06/30/2014 - 17:26 | 4911371 Lore
Lore's picture

Actually, there is a lot of overlap between carmakers with respect to sourcing and manufacturing parts. The problem seems to be more a matter of design specifications and quality control than choice of plant. 

Mon, 06/30/2014 - 15:38 | 4910937 mastersnark
mastersnark's picture

They should have had a V8.

Mon, 06/30/2014 - 15:39 | 4910943 adr
adr's picture

Obamavoter don't care bout no recall. Obamavoter done gets a car fo 129 months six percent interest, pay like fittynine bucks a month.

Ain't nobody else gonna give cars away like thats. Plus if the Cruze breaks, gonna call Al and he gonna gets us all free cars. Call his buddy Obama and gets us free cars. GM don't want to piss of Oprah neither.

Mon, 06/30/2014 - 17:55 | 4911375 Lore
Lore's picture

Rayciss.

Mon, 06/30/2014 - 15:44 | 4910963 armageddon addahere
armageddon addahere's picture

So they made 9 million defective cars a year  and a total of 7 of them crashed?

7 crashed cars out of 28,500,000 made, am I reading that right?

PS I agree GM cars are crap, I gave up on them in 1980. But let's not lose our heads.

At that rate of going you are more likely to be struck by lightning or win the lottery than be killed by your GM car.

Mon, 06/30/2014 - 16:08 | 4911089 Davos
Davos's picture

Thats their next advertising slogan right there

"You got more chance of winning the lottery than dying in one of our cars"

GM - drive the american dream, crash the american nightmare

Mon, 06/30/2014 - 16:12 | 4911112 Peter Pan
Peter Pan's picture

It is easy to make that statement when you have stopped driving their cars. In any case a defective car is a defective car.

Mon, 06/30/2014 - 16:40 | 4911223 armageddon addahere
armageddon addahere's picture

7 bad ones out of 28,500,000? Tell me you haven't made 7 mistakes in the last 10 years.

Mon, 06/30/2014 - 17:18 | 4911333 RafterManFMJ
RafterManFMJ's picture

I made 9 mistakes in the last 10 years - none of them resulted in the immolation of a family of 4, however.

Mon, 06/30/2014 - 17:00 | 4911284 mastersnark
mastersnark's picture

Someone hasn't seen Fight Club...

Mon, 06/30/2014 - 15:46 | 4910973 Make_Mine_A_Double
Make_Mine_A_Double's picture

They should just build in the recall charges into the base price since they will have to recall every one of their POS at some point.

I am enjoying watching Bama voters driving around in brand new Escalades and other GM shit haulers. Especially with gas tickling the balls of 5 bucks a gallon around here.

Mon, 06/30/2014 - 15:48 | 4910986 SethDealer
SethDealer's picture

we build shit

Mon, 06/30/2014 - 16:34 | 4911204 Davos
Davos's picture

If you build shit- they will cum?

Mon, 06/30/2014 - 15:52 | 4910993 alexcojones
alexcojones's picture

In Rio de Janeiro, Brazil and I only saw ONE, an American made, Chevy Camaro cost more than R$ 100,000.   Or about $45,000 US.

MSRP here (Pre-Recalled) is @  $22 grand.

Google Abandoned Packard Factory Detroit Images

Tells you everything you need to know about 'Murika

 

Mon, 06/30/2014 - 16:04 | 4911072 youngman
youngman's picture

Who would actually buy one now.....I mean image is everything for a car maker..and GM has lost it now....doesnt matter if they are doing the RIGHT THING,,,,they are telling the world they are building crap...stupid to buy one now....but watch Obama give a speech saying they are good cars...

Mon, 06/30/2014 - 16:38 | 4911213 Make_Mine_A_Double
Make_Mine_A_Double's picture

You got that right. The only true demo was folks like my father whom has been buying Buicks since he could afford them as way back in the day they were a status symbol.

Well, the old calvary colonel is 85 - and this year for the FIRST TIME IN HIS LIFE - he bought the Furd MKZ.

Now when you start losing the Merikan blue hairs than they are well and truly fucked.

Even if they go banko and get stripped and taken private they will never shake the Government Motors label. That tattoo is on forever (or until they go banko again next year.. - whichever comes first)

Mon, 06/30/2014 - 17:03 | 4911292 NotApplicable
NotApplicable's picture

Maybe they'll rename themselves, like Altria, or ISIS did.

Mon, 06/30/2014 - 19:25 | 4911937 SmackDaddy
SmackDaddy's picture

haha ever heard of Ally?  

Mon, 06/30/2014 - 16:10 | 4911102 Peter Pan
Peter Pan's picture

It's sad about GM but it's also sad that a great many politicians and bankers cannot be recalled to their mothers' wombs.

Mon, 06/30/2014 - 16:16 | 4911126 logicalman
logicalman's picture

When I look at some of 'em, I'm not 100% convinced they came from a womb.

Mon, 06/30/2014 - 16:24 | 4911153 tuku2400
tuku2400's picture

So GM has had 27.5 million recalls and all the other automakers are perfect.

Makes you wonder what's under their hoods

Mon, 06/30/2014 - 16:24 | 4911154 tuku2400
tuku2400's picture

..

Mon, 06/30/2014 - 16:23 | 4911158 mrblah
mrblah's picture

Oh no. Being compared to Trabant.

Its only a matter of time before a "job-creation package" is announced and the funds are swiftly transferred to GMs bank account.

Mon, 06/30/2014 - 16:33 | 4911202 Binko
Binko's picture

If each recall costs GM $500 on average that's 14 billion dollars. Good luck staying in business unless Uncle Barry rides to the rescue with another bailout.

Mon, 06/30/2014 - 16:40 | 4911224 The Reich
The Reich's picture

Refitting for NSA surveillance!

Mon, 06/30/2014 - 16:46 | 4911240 Father Lucifer
Father Lucifer's picture

I doubt I'd buy another GM car but my 2002 Camaro Z28 is the most reliable car I've ever owned and it's not on the recall list. Last car I bought was a 2009 Murano for the wifend it's doing well.

Mon, 06/30/2014 - 17:20 | 4911341 Canoe in the Desert
Canoe in the Desert's picture

Sorry, I disagree. Yes the expense of recalling various GM vehicles will be substantial. But the cars being produced by GM now (Since 2012) are among the best in the car industry. Perfect? No. Greatly improved? Yes. If GM ever fails again it will not be because of the product but because of the inept actions of the Federal Reserve that erode the value of the dollar (inflation). Let's not be so spiteful toward a company that has been a positive economic engine for this country for over 100 years. At least they BUILD SOMETHING.

Mon, 06/30/2014 - 18:30 | 4911699 Loucleve
Loucleve's picture

WHY IS THE STOCK STILL $36?

the world wants to know?

could it be that the word has been spread amongst the Big Institutions NOT TO SELL GM?

I dont see how any other explanation is possible.

Mon, 06/30/2014 - 20:28 | 4912172 Atomizer
Atomizer's picture

We have one GM car called the peasant mobile. Once that piece of shit dies, the Mrs will be back to a late model Toyota or Lexus. She loves driving foreign cars. Her GM came from Canada. 

Mon, 06/30/2014 - 18:38 | 4911738 robnume
robnume's picture

Buy American't!!

Mon, 06/30/2014 - 18:58 | 4911813 petolo
petolo's picture

What' good enough for GM is good enough for Amerika.

Mon, 06/30/2014 - 20:05 | 4912090 Atomizer
Atomizer's picture

Druling reenactment for 2008 cash for cluncker TV Skit. Fuck you bathhouse Berry.

Mon, 06/30/2014 - 20:26 | 4912177 starman
starman's picture

"Chevy runs deep"....in shit!

Mon, 06/30/2014 - 20:32 | 4912208 Falling Down
Falling Down's picture

Latest on the dealer front (besides the incredible heap of shitboxes in the pipeline) is the service departments won't answer the phones, anymore. There isn't even an option for their service departments when a customer calls.

Unbelievable. Just fucking die, already. 

 

Mon, 06/30/2014 - 20:42 | 4912241 VWAndy
VWAndy's picture

 BS we gettin played.

Mon, 06/30/2014 - 20:45 | 4912255 Atomizer
Atomizer's picture

Mrs Atomizer states, "You can pick up a car in Greer, SC and I pick out one in Georgetown, KY.

Fuck GM! Take your union and shove it up your asshole. 

Mon, 06/30/2014 - 21:13 | 4912295 Atomizer
Atomizer's picture

Subsided Kenyan nigger shit cars 

 

The GM bond holders took a fucking dumb loss when TARP program was formulated. 

The genius Niger though a subsidize racket would work. Channel stuffing doesn't work cunt rags.

 

 

 

 

 

 

 

 

Mon, 06/30/2014 - 20:59 | 4912298 cobra1650
cobra1650's picture

ON STAR works great

Mon, 06/30/2014 - 21:27 | 4912383 Westcoastliberal
Westcoastliberal's picture

I hope to hell the GM execs are actually embarrased by this show of stupidity.  Otherwise they're doomed.

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