Our Blog

General Motors Sees Big Profits In Last Quarter And Makes Responsible Recall Of Their Big Money Maker

General Motors Sees Big Profits In Last Quarter And Makes Responsible Recall Of Their Big Money Maker

Everyone, including the Charleston auto accident lawyers, have noticed the extremely high price of gas these days. The cost of filling up is painful, and car makers in Detroit have been looking to ease the burden by putting out hybrid and electric vehicles. Cost effective vehicles like the Chevrolet Cruze, while easier on consumers’ pocketbooks at the pump, have helped American auto makers get back into black figures after their bailout.

General Motors introduced the Cruze last October as an answer to the Toyota Corolla and other small car rivals. And with the price of gas rising almost 50 percent since the Cruze hit the market, the timing of the fuel-efficient compact’s release could not have been better, and GM’s bottom line shows it.

Last quarter GM, with lots of help from Cruze sales, boasted a profit of $3.2 billion. Sales of the Cruze topped more than 50,000 in the last quarter alone, helping the U.S. manufacturer gain a share in a market traditionally dominated by the Japanese.

By stark contrast, back in the Summer of 2008, when gas prices spiked over $4, GM lost $4.4 billion, in large part because the auto maker didn’t offer many cars with the kind of mileage consumers can get out of the Cruze, 36 mpg on the highway.

But, even with all the success from the Cruze, GM has had to recall 150,000 of the compact sedans to verify that their steering shafts were properly installed. GM made the responsible move to recall the vehicles before any auto accidents or serious injuries have been attributed to the defective products. Also, the recall comes before any consumer complaints have been filed with the National Highway Traffic Safety Administration.

The contents of this Web site are for informational purposes regarding legal issues in South Carolina and are not intended to convey detailed legal advice on specific issues. Transmission of the information contained in this site or any sites linked hereto is not intended to create, and receipt does not constitute, an attorney-client relationship. Our attorneys practice law only in jurisdictions we are properly authorized to do so and do not seek to represent anyone in any jurisdiction where this site does not comply with applicable laws and bar rules. The lawyers of the law firm of Howell and Christmas are licensed to practice law in the State of South Carolina. Readers should not act upon the information contained in this site without first seeking the advice of an attorney licensed to practice in your area.

Attorneys principally practice in Mt. Pleasant office, but we will meet you at the time and office most convenient to you. We will also come to your hospital room or home upon request.

The information given above are examples of actual cases with actual clients our law firm has handled in the past. The reviews listed on our website are endorsements and/or testimonials from actual clients. Any results our law firm may achieve on behalf of one client in one matter does not necessarily indicate similar results can be obtained for other clients.

Howell and Christmas is not a partnership but rather an association of two limited liability companies the Howell Law Group and Christmas Law Firm.