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Car News: How Much Could the GM Recalls Cost?


If there is one thing we have been talking about in the past 6 months when it comes to Car News; it's the hurricane we call GM's recalls. The question now remains - How much will this cost General Motors?  According to, GM will flip a bill of an estimated $9.5 billion, which is over a year's worth of profit. 

Morningstar analyst David Whiston pegs the cost of paying victims and related government fines at $7 billion, cautioning that GM's financial exposure is "very hard to know." Read More

Credit: MGN Online


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