General Motors (GM) has been making headlines recently due to a series of recalls affecting hundreds of thousands of vehicles. These recalls have been issued for various reasons, such as faulty electronic latch mechanisms in pickup trucks and issues with the Super Cruise system. Additionally, GM's Cruise unit is under investigation by the US Justice Department and Securities and Exchange Commission following an accident involving one of its self-driving cars in San Francisco. Despite these challenges, GM reported a 12% rise in net income, showcasing its resilience in the face of setbacks.
General Motors Company, commonly known as GM, is an American multinational corporation headquartered in Detroit, Michigan. Founded in 1908, GM is one of the largest automakers globally, designing, manufacturing, marketing, and distributing vehicles and vehicle parts. The company also offers financial services. GM's diverse brand portfolio includes Chevrolet, GMC, Cadillac, and Buick, among others. Over the years, GM has played a significant role in shaping the automotive industry, introducing innovations and technologies that have influenced the market. Despite facing challenges like bankruptcy and restructuring in the past, GM remains a key player in the automotive sector, continually adapting to changing consumer demands and technological advancements.
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General Motors is recalling nearly 820,000 pickup trucks over a faulty electronic latch mechanism used to open the trucks’ tailgates, increasing the risk of road hazards and crashes. Detroit-…
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