GM’s Q2 financial results was all about its ongoing recalls.
In its just-released earnings announcement, GM said it had a $US1.2 billion expense related to these recalls.
The carmaker took an additional $US900 million charge for possible future recalls over the next decade.
In the second quarter, GM reported revenue of $US39.6 billion, up $US500 million from a year ago but missing analysts’ expectations for $US40.6 billion.
Here’s the slide from GM’s earnings presentation summing up the Q2 recall activity.