patrick.net

General Motors' recall crisis virtually wiped out its profit for the first three months of the year, as it said Thursday that the cost of repairing millions of vehicles would come to $1.3 billion.

The $1.3 billion in recall costs does not include any possible legal costs associated with recall. The company has argued that it is shielded by its 2009 bankruptcy from many of the lawsuits filed seeking damages.

http://money.cnn.com/2014/04/24/news/companies/gm-earnings-recall/index.html?hpt=hp_t3

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