As of this writing and since the beginning of the year, GM has recalled 15.4 million vehicles. To put it into perspective, that's the equivalent of recalling every single vehicle it sold in the U.S. in the last 5-1/2 years; or, just about as long as Obama has been in office. I heard this sarcastic comment on television the other day: "Are there any cars left to recall?"
Throughout the 2012 election cycle, we heard this slogan from Joe Biden while hyping Obama's first term in office: "Bin Laden is dead and GM is Alive!" Well, that was long before years of hidden, widespread defective production and its related deaths and injuries all came to light.
Today, GM 's bottom line is being heavily impacted by the cost of repairing all these trucks and cars. Yet to come are the settling of hundreds of potential lawsuits. But, more importantly, all the recalls are painting GM vehicles as both defective and unsafe. That kind of bad publicity could very easily hurt sales and, potentially, drive the company towards bankruptcy once again. To say GM is alive might be quite a stretch.
Maybe Biden's new slogan should be: "Bin Laden is dead and so are some GM owners!" And, well... While Bin Laden might be dead, his legacy -- Al Qaeda -- continues to grow.
Yes, Joe Biden's uber-intelligence just proves he should (?) be our next President! Please, Joe, run! You're every conservative's dream.
U.S. safety watchdog says 303 deaths linked to recalled GM cars: http://www.reuters.com/article/2014/03/14/us-gm-recall-casualties-idUSBREA2D02U20140314
Al Qaeda controls more territory than ever in Middle East: http://www.cnn.com/2014/01/07/opinion/bergen-al-qaeda-terrority-gains/
GM recalls another 2.6 million vehicles, doubles second-quarter charge: https://news.yahoo.com/gm-recalls-another-2-42-million-vehicles-doubles-154144232--sector.html
GM Auto Sales Numbers: http://www.zacks.com/stock/news/119647/Record-2013-Sales-for-GMs-Chevrolet