Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

General Motors Company (GM)’s 79th Attempt To Scare Away Even More Investors: Scarlet Fu

General Motors Company (NYSE:GM) is on a roll, but unfortunately to no good. The automaker is back in the headlines and the context has only changed slightly. On Bloomberg Scarlet Fu reported that the company is embarking on yet another recall, which will be 79th this year.

Biggest IPOs in US History

“[…] Yet another recall for General Motors Company (NYSE:GM), and this time it’s because of a headlight problem. The automaker says they could stop working. More than 316,000 vehicles in North America are affected. The recall is GM’s 79th this year. The company has recalled a record 30.4 million cars and trucks […],” informed Fu.

Needless to say this is a nightmare for General Motors Company (NYSE:GM) which earlier had to face the consequences of all sorts of problems with its vehicles ranging from faulty ignition switches to unsecured floor mats. It is  also a nightmare as far as consumer confidence is concerned.

The headlights problem particularly seems a potentially dangerous one, especially for driving at night. It is indeed a fatal fault, but then again so was the ignition switch problem, earlier this year. In case the switch went off there was obviously no power for the engine , but also the power steering and the air bag became ineffective.

This news came at a time when people thought that it just isn’t possible for General Motors Company (NYSE:GM) to carry out any more recalls after an already bloated number for this year. Apparently not, and now I am sure some might be wondering if the company might as well hit the 80th mark in the next 28 days or so to add another shameful award to its credentials this year.

Moreover, this also brings the question of what exactly is going over at General Motors Company (NYSE:GM) in terms of quality control.

After a slight dip yesterday, the stock is up about 1.8% in early trading today and stands at $33.56. The stock price has perhaps taken so much beating this year on account of recalls that now the stock has become resilient to this kind of news.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!