BBC: General Motors first quarter profits were hit by a $1.3 billion charge to cover the cost of a huge recall over defective ignition switches.
BBC: General Motors first quarter profits were hit by a $1.3 billion charge to cover the cost of a huge recall over defective ignition switches.
The faulty switches could turn off the engine, disabling the airbags and have been linked to at least a dozen deaths.
The firm says it also incurred $300m in restructuring costs, mostly in Europe.
As a result net income was $125m, compared with $865m in the same period last year. Sales came in at $37.4bn, up from $36.9bn in 2013.
Read more here.
