Garsh. Who’d a thunk that there’d be so many problems with GM products after the government took it over?
Just as we were about to proudly announce that today was one of those rare days when the bailed out consortium of union votes for purchase also known as Government General Motors did not announce the now generic daily recall of its atrociously built flaming paperweights, here comes the late afternoon stunner and proves us wrong yet again:
-GM TO RECALL 3.16M 2000-’14 MODEL YR CARS ON IGNITION ISSUE
-GM SAYS HAS LAUNCHED 44 RECALLS THIS YEAR
-GM SAYS TOTAL NORTH AMERICA RECALLED CARS NOW 20.0 MLN
And the bottom line, and why this entire bailout farce is now beyond simply criminal and purely ridiculous: as of this moment, GM has recalled more than double the number of cars it sold in all of 2013, or, another way of putting it, more than the total number of cars it sold in 2013 AND 2012 combined.
Read more: Zero Hedge