Tag Archives: lost value after recalls

GM car owners in U.S. owed about $10 billion in lost value after recalls, lawsuit says

GM car owners in U.S. owed about $10 billion in lost value after recalls

General Motors is facing a new lawsuit that says the automaker should compensate millions of vehicle owners in the United States for lost resale value, potentially exceeding $10 billion (€7.3 billion), because a slew of recalls and a deadly delay in calling back cars with defective ignition switches has damaged its brand.