2014 U.S. automobile recalls cruise past 60M
Automobile recalls in the U.S. now number over 60M this year to set a new record, according to a tally from Bloomberg.
The mind-numbing total is over double the prior annual recall record with Japanese automakers (OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF) taking the hardest hits due to exposure to Takata.
Though automakers see legal and operational costs increase when recalls soar, the impact on the brand in many cases is short-lived.
Despite having a year to forget amid a public relations headache, General Motors (NYSE:GM) is a top pick in the sector for many analysts.
The title of SA contributor Alpha Hungry's recent piece indicates where the investor stands: My Best Idea For 2015: General Motors.
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