General Motors Co.
issued Thursday a second recall for 2.59 million faulty Saturn Ions, Chevrolet Cobalts and similar cars, this time for a defective ignition-lock cylinder the carmaker also has known about for nearly a decade.
The company also said it is upping its first-quarter charge on the recalls and rental cars to $1.3 billion from the earlier $750 million.
GM said it knows of several hundred complaints of keys coming out of the slot of the ignition-lock cylinder while the engine is still running. The automaker received its first complaint about the problem in 2005 and replaced cylinders for free in more than 250,000 cars in customer-satisfaction programs beginning in November 2010 and April 2012, GM spokesman Kevin Kelly said.Read Article