Business

Just like Toyota, GM is recalling 1.3 million of its cars.
by Milota Sidorova

It seems that there is another bursting bubble in the U.S. This time, the main issue is the safety of personal cars.Toyota is not the only automaker having had technical problems with its cars. After more than a year of investigation, once the largest American automaker, GM is recalling about 1.3 million of its compact cars. The company announced on Monday it was planning voluntary recalling of 2005-2010 models. Among affected cars were 005-2010 Chevrolet Cobalt; 2007-2010 Pontiac G5; 2005-2006 Pontiac Pursuit sold in Canada, and the 2005-2006 Pontiac G4 sold in Mexico. GM vice president of quality stated the problem tended to occur in older models out of warranty. But it p! ointed to JTEKT, a joint venture, partly owned by Toyota. The supplies didn't met “all requirements for reliability and durability”, Bob Lutz, GM'a vice chairman said on Tuesday. American drivers proceeded about 1,100 complaints about the loss of power steering assist. 14 death and one injury was caused by this situation. And according general statistics published in Czech national television, car accidents were the major reason of early death of young people. The official remedy plan hasn't been developed yet, but customers would be notified when ready, the company's representatives said. The technical error is not the case of decreasing trust among carmakers. On the same day GM stated wrongdoing, Nissan announced it was recalling more than 500, 000 card in the North America for the problems with brake pedals and fuel gauges. Nissan, however didn't blame any of its suppliers.For me, as a potential driver all these news are pure proof, of blind profit-making of ! these companies. Because if they obey to technical parameters ! and regu lations, the actual error would be detected a long time ago. Not with five years old cars and several millions of potentially killing vehicles. Toyota was the first one to admit such alternative. Apparently it wasn't the only one - so let's wait for more to come.

related story (sgx16647): http://www.france24.com/en/20100302-gm-recall-13-million-car...

by Milota Sidorova for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free on! line TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

posted by Blog TechSource @ 11:27 PM