GM Hit With $10 Billion Lawsuit Saying Recalls Damaged Brand
A new lawsuit says General Motors should compensate millions of car and truck owners for lost resale value, potentially exceeding $10 billion, because a slew of recalls and its deadly delay in recalling cars with defective ignition switches has damaged its brand. According to a complaint filed on Wednesday with the federal court in Riverside, California, GM hurt its customers by concealing known defects in its vehicles and valuing cost-cutting over safety, leading to roughly 40 recalls covering more than 20 million vehicles this year alone.
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