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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

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Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
General Motors

Glitchin’ Camaros: GM issues new recall over ignition switches

By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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By
John Kell
John Kell
Contributing Writer and author of CIO Intelligence
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June 13, 2014, 9:59 AM ET
The Chevrolet Camaro and Corvette during
GM has recalled more than half a million vehicles in four new recalls Friday, mostly affecting the Chevrolet Camaro.Timothy A. Clary/AFP—Getty
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General Motors recalled more than half a million vehicles in four new recalls Friday, mostly affecting Chevrolet Camaros and prolonging an ongoing problem at the automaker that has announced dozens of recalls this year.

The auto maker has now announced 38 recalls so far in 2014, which have affected 16.5 million vehicles to date, including 14.4 million in the U.S.

GM (GM) has come under fire after it was reported the company failed to react for nearly a decade after learning about defective auto parts. A faulty ignition switch led to at least 13 deaths and dozens of crashes. GM recently released the results of an internal probe, and in the wake of that news, fired 15 employees. The latest recall announcement isn’t exactly a surprise, as GM Chief Executive Mary Barra had indicated more call-backs were to be announced this year.

Friday’s recall mostly affected the company’s Chevrolet Camaros, which were recalled because a driver’s knee can bump the key FOB and cause the key to inadvertently move out of the “run” position, GM said. That would result in a corresponding reduction or loss of power.

In total, GM is recalling 511,528 of the Chevrolet Camaros sold in the U.S. and export markets. Most of those vehicles were sold domestically, and the recall affected the “current generation”–or Camaros from the 2010 to 2014 model years. GM said it discovered the issue during internal testing following the ignition switch recall earlier this year.

GM said it is aware the Camaros issue may be attributed to three crashes that resulted in four minor injuries.

Separately, GM announced two safety recalls and one non-compliance recall involving 69,839 vehicles sold in the U.S. and export markets like Canada and Mexico. Those recalls affect certain 2012 Chevrolet Sonic compacts, 2014 Buick LaCrosse sedans, and several model years of Saab 9-3 convertibles. GM isn’t aware of any crashes or injuries related to those smaller recalls.

About the Author
By John KellContributing Writer and author of CIO Intelligence

John Kell is a contributing writer for Fortune and author of Fortune’s CIO Intelligence newsletter.

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