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GM Recalls 40,859 Cars For Possible Fuel Leaks

The Prof

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General Motors is recalling more than 40,000 cars sold in warm-weather states because a plastic part might crack and cause a fuel leak.

The company is recalling Chevrolet Cobalt and Pontiac G5 sedans from the 2007 through 2009 model years and Chevrolet Equinox and Pontiac Torrent SUVs and Saturn Ion sedans from the 2007 model year.

The recall affects vehicles sold or currently registered in Arizona, California, Florida, Nevada or Texas. Owners in Arkansas and Oklahoma also are included in the recall of the 2009 Cobalt and G5.

The vehicles have plastic parts connected to the fuel pump which could crack. If the crack gets large enough, fuel could leak out of the vehicle and cause a fire.

USA Today: GM recalls 40,859 cars for possible fuel leaks

the taxpayers are never gonna get whole this way

Treasury: U.S. to lose $25 billion on auto bailout | The Detroit News

are you following delphi?

Emails: Treasury drove cutoff of non-union Delphi pensions | The Daily Caller

Issa threatens Geithner with subpoenas on Delphi documents | The Daily Caller

rescues aren't meant for everyone, evidently

non unions and taxpayers---no room in the boat

same set of rules, anyone?
 
The fuel leaks sound like the result of a design or engineering flaw. Once again the professional class can't hold up its end and tries to blame the people who carry out their instructions.
 
What a shame, I grew up in Lansing MI, and today wouldn't buy a GM product if you gave one to me.
 
What a shame, I grew up in Lansing MI, and today wouldn't buy a GM product if you gave one to me.

Of course you would not buy one if it was given to you, it would be a gift
 
USA Today: GM recalls 40,859 cars for possible fuel leaks

the taxpayers are never gonna get whole this way

That really wasn't the point of the bailout.

And car recalls are hardly new.

There isn't a single large car company in the US that hasn't had a serious recall in the past ten years.

But what is particularly frightening is that the government can force a recall of 2 tons of steel, glass and plastic that can go over 120 mph potentially killing dozens....but it can not force a recall of tainted food that can kill thousands.
 
The fuel leaks sound like the result of a design or engineering flaw. Once again the professional class can't hold up its end and tries to blame the people who carry out their instructions.

Someone didn't get picked for the corporate softball team.
 
That really wasn't the point of the bailout

http://www.nytimes.com/2010/07/30/business/economy/30autos.html?_r=0

White House officials project that the cost to taxpayers will most likely turn out to be minimal — just as with the banks’ bailout — and it is still possible taxpayers may even see a small profit.

did you see this:

General Motors pushing U.S. to sell stake - MarketWatch

"it hurts the company's reputation"

how bout the time gm asked both candidates (LOL!) to stay away

GM tells presidential candidates to stay away - MarketWatch

the vp for global affairs explained---even republicans and independents buy cars

what good is it, asks mr ewanik, if 50% of your customers go for ford simply cuzza the politics

either way, those production costs appear exorbitantly expensive, even leaving aside plastic connections to fuel pumps

GM losing up to $49,000 per Volt - chicagotribune.com

by industry standards, that is, they say
 
$25 billion would be roughly $80 for every man, woman, and child living in the US. I cant speak for everyone but I could use that $80 about now instead of it going to waste in something our government should not have been involved with in the first place.
 
They are all older discontinued models.

One day I heard Mr. Limbaugh tell people NOT to buy American cars because of the damn unions. Why all this joy I wonder? I hope they'll design a decent car and we can get all our money back instead of hoping they'll fail.

Americans hating Americans. Sweet.
 
Someone didn't get picked for the corporate softball team.

Care to try again? I played softball in the company league for four years and my team(as well as pretty much everyone else) beat the crap out of the office team each time we played them. It's just amazing how those who make the most money in a corporation, supposedly because of their heavy responsibilities, have an excuse why it is the hourly workers' fault anytime there's a screw up. It's a primary reason they aren't respected in the workplace.
 
They are all older discontinued models.

One day I heard Mr. Limbaugh tell people NOT to buy American cars because of the damn unions. Why all this joy I wonder? I hope they'll design a decent car and we can get all our money back instead of hoping they'll fail.

Americans hating Americans. Sweet.

The interesting question is if Cons actually believe non-Cons are Americans.
 
yes, recalls are very expensive

did rav4 or crv or escape or tribute crossover suspend operations?

USA Today: GM stops building slow-selling Chevy Volts for 5 weeks

GM Suspends Chevy Volt Production After Poor Sales | PCMag

twice?

in 2012?

did honda or toyota or hyundai or mazda discriminate against their non union pensioners, like delphi's

did subaru or ford cost the taxpayer 25B?

Treasury: U.S. to lose $25 billion on auto bailout | The Detroit News

Ah, nice goal post change! :lol:

Most of the recalls I posted were five or ten or more times larger than the GM recall that got your panties in a knot. Indeed, some of the Toyota recalls caused them massive losses. Far more significant than the small GM recall you're fretting over.
 
Far more significant than the small GM recall

tell it to usa today

grow up
 

Yep, it's going to end up costing us a fair amount. Sure beats the alternative of over a million unemployed, loss of 2/3rds of our homegrown auto industry, massive shock to the economy at the depths of the Great Recession.

As to whether it's a buy, I would say the fundamentals look pretty damned good. P/E 8.2, P/Sales .2/x, P/Cash Flow 4/x, ROE 15.36%.
 
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