GM Recalls 1.3 Million More Cars, Expects To Take $750 Million Hit

In another blow for General Motors, the company announced this afternoon it's issuing a recall for 1.3 million cars sold in the U.S. over an electric power steering problem. And yes, some Chevy Cobalts and Saturn Ions are subject to this recall as well as the huge ignition recall.

The problem concerns the power steering assist in these cars that could suddenly give out, increasing effort required to control the car and increasing chances of a crash.

GM outlined the models affected:

    • Chevrolet Malibu: All model year 2004 and 2005, and some model year 2006 and model year 2008 and 2009 vehicles
    • Chevrolet Malibu Maxx: All model year 2004 and 2005, and some 2006 model year
    • Chevrolet HHR (Non-Turbo): Some model year 2009 and 2010 vehicles
    • Chevrolet Cobalt: Some model year 2010 vehicles
    • Saturn Aura: Some model year 2008 and 2009 vehicles
    • Saturn ION: All model year 2004 to 2007 vehicles
    • Pontiac G6: All model year 2005, and some model year 2006 and model year 2008 and 2009 vehicles

    Additionally, GM is issuing extended warranties for about 309,000 2006-08 HHRs and 96,000 2003 Ions that don't fall under the recall.

    Between the ignition recalls and other problems announced this year, GM says it will "take a charge" of $750 million in the first quarter of 2014 alone, mostly because of the recalls. Besides the ignition problems, that also includes vehicles like the full-size crossovers, Cadillac XTS, new full-size trucks and SUVs and the Chevy Cruze.

    Photo: GM