General Motors Co. said Tuesday it is recalling 2.42 million more vehicles in four new recall campaigns for a variety of problems as fallout continues to mount from its ignition switch crisis.
GM said it now expects to take a $400 million charge in the second quarter for the growing number of recalls, up from the $200 million announced Thursday. That’s on top of the $1.3 billion first-quarter charge it took.
The automaker this year has recalled more than 13.6 million vehicles in the United States and at least 15.2 million vehicles worldwide. GM has now told NHTSA of 29 recall campaigns for 2014 — including two additional campaigns that have not yet been made public — as the automaker tries to show it is more responsive.
On Friday, GM paid a record-setting $35 million fine to the National Highway Traffic Safety Administration for failing to recall in a timely fashion 2.6 million vehicles linked to 13 deaths. The automaker admitted it broke the law in the settlement that will require intensive monitoring and monthly meetings with NHTSA to discuss all pending safety issues.