GM Faces $2 Billion In Recall Liabilities If Judge Says They Can No Longer Hide Behind Bankruptcy Shield

Jesse Salazar III says an ignition switch flaw in his 2008 Chevrolet HHR has depressed its value, and he wants manufacturer General Motors Co. to make it up to him. GM will argue in court filings later today that it shouldn’t owe money to Salazar and hundreds of thousands of people like him.

Salazar has several thousand dollars at stake in U.S. Bankruptcy Judge Robert Gerber’s ruling. Hanging in the balance for GM is more than $2 billion, according to a Bloomberg News calculation.

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TheSteve - 11/5/2014 9:48:17 AM

-1 Boost

Hey! Hand off The New GM! The Titanic's deck chairs have been rearranged. We're good now. Go away.

The clowns have a long, hard, up-hill battle to rebuild a reputation of trust with their customers, and one of reasonable quality. Remember the days when "Made in Japan" meant cheap, shoddily made products? How the tables have turned, at least with respect to cars.

JDMUSMuscle - 11/5/2014 5:04:12 PM

0 Boost

And nowadays, Made in America means garbage, worse than Made in China, etc.

Which is only one of the reasons as to why the U.S. is waaaay wayyy behind compared to the European countries.

MDarringer - 11/6/2014 8:42:47 AM

+1 Boost

Jesse Salazar III is no doubt a shill for blood thirsty attorneys.