Recall To Cost GM $1.3 Billion In 1st Quarter

Recall To Cost GM $1.3 Billion In 1st Quarter
(Detroit, MI) -- General Motors is warning shareholders that it's going to take a one-point-three-billion-dollar hit in the first quarter. The costs are linked to the recall of more than two-million vehicles for ignition switch problems that have been linked to more than a dozen deaths. The ignition switch problem can lead to sudden engine failure and disabled air bags. GM says it still expects to report a good performance in the first quarter.