General Motors 2014 Annual Report Download - page 40

GENERAL MOTORS COMPANY AND SUBSIDIARIES
• In the three months ended June 30, 2014 approximately 1.4 million vehicles were recalled to replace the shift cable that could
wear out over time resulting in mismatches of the gear position indicated by the shift lever — model years 2004–2008
Chevrolet Malibu, model years 2004–2007 Malibu Maxx, model years 2007-2008 Saturn Aura, model years 2013–2014
Cadillac ATS, model year 2014 CTS and model years 2005–2008 Pontiac G6. We recorded approximately $150 million in
Automotive cost of sales to repair these vehicles.
• In the three months ended June 30, 2014 approximately 12.1 million vehicles were recalled to rework or replace ignition keys
because the ignition switch may move out of the “run” position which may impact power steering and power braking. The
timing of the key movement relative to the activation of the sensing algorithm of a crash event may result in airbags not
deploying — model years 2005–2009 Buick Allure and Lacrosse, model year 2004 Regal LS/GS, model years 2006–2011
Lucerne, model years 1997–2005 Chevrolet Malibu, model years 2000-2007 Monte Carlo, model years 2010–2014 Camaro,
model years 2000–2014 Impala, model years 1998–2002 Oldsmobile Intrigue, model years 1999–2004 Alero, model years
1999–2005 Pontiac Grand Am, model years 2004–2008 Grand Prix, model years 2004–2006 Cadillac SRX, model years
2003–2014 CTS, model years 2000–2005 Deville and model years 2006–2011 DTS. We recorded approximately $325 million
in Automotive cost of sales to repair these vehicles.
• In the three months ended March 31, 2014 and June 30, 2014 five and 17 recalls were announced covering approximately
1.2 million and 4.0 million vehicles related to safety, customer satisfaction and other matters. We recorded approximately $70
million and $450 million in Automotive cost of sales to repair these vehicles in the three months ended March 31, 2014 and
June 30, 2014. None of these announced recalls were individually significant.
In total we recorded approximately $1.3 billion and $1.1 billion for the above-described actions in the three months ended
March 31, 2014 and June 30, 2014.
In the six months ended December 31, 2014 we announced the following recalls related to safety, customer satisfaction and other
matters, the costs of which are comprehended in the June 30, 2014 catch-up adjustment of $874 million associated with a change in
estimate for previously sold vehicles:
• Approximately 1.1 million vehicles were recalled to repair a loose battery cable that could impact vehicle warning systems and
loss of power steering assist — model years 2011-2014 Chevrolet Cruze.
• Approximately 0.7 million vehicles were recalled to repair ignition mechanisms where the ignition key could be pulled out
while the vehicle is in the run position — model years 2004-2007 Saturn Vue, model years 2005-2006 Chevrolet Equinox,
model year 2006 Pontiac Torrent.
• Approximately 0.6 million vehicles were recalled to replace the wave plate in all vehicles with 6T70 and 6T75 transmissions
which could crack under certain circumstances — model years 2007-2009 GMC Acadia, Pontiac G6, Saturn Aura and
Outlook, model years 2008-2009 Buick Enclave, Chevrolet Equinox and Malibu, Pontiac Torrent, Saturn Vue, model year
2009 Chevrolet Traverse.
• Approximately 5.7 million vehicles were announced under 20 additional recalls, none of which were individually significant.
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