Paul Sancya, Associated Press
DETROIT — General Motors is telling Wall Street that a recent spate of recalls may last until mid-summer as it continues a review of safety issues.
The news comes a day after The Associated Press learned that GM CEO Mary Barra told members of Congress that the company cannot make ignition switches fast enough to keep up with demand in its recall of 2.6 million small cars.
GM has recalled 13.8 million cars and trucks in the U.S. since the start of the year.
Barclays analyst Brian Johnson tells investors that GM's management said Wednesday that a five-person team will decide future recalls.
GM told Johnson the company will recall cars as soon as it discovers an issue. That will increase the frequency of recalls but limit their size.
- Yellen faces GOP criticism over weak economic...
- How the UK could remain in the EU even if it...
- US new-home sales tumbled in May after a...
- Markets reel as world absorbs shock of UK...
- Asian stocks mixed as markets await Brexit...
- How the Brexit could affect U.S. businesses...
- Costco begins new credit card agreement
- Photos: Ancestry opens new headquarters in Lehi
- Trial ordered for politician accused of... 7
- What Costco shoppers should know about... 5
- Costco begins new credit card agreement 4
- Emery County defrauded out of nearly... 4
- GOP gubernatorial candidate Jonathan... 4
- Yellen faces GOP criticism over weak... 3
- Delta pilots picket for better pay in... 3
- How the Brexit could affect U.S.... 2