GM (GM) Ignition Recall Compared to Toyota's 2010 Unintended Acceleration Woes
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GM (GM) Recall Doesn't Reflect Existing Product Quality, Says Goldman Sachs
March 12, 2014 7:59 AM EDTShares of GM (NYSE: GM) declined Tuesday after investors learned it will be investigated by a House panel in response to an ignition switch defect and recall.. In addition, the DOJ launched a probe. In the view of Goldman Sachs analyst Patrick Archambault, the DOJ criminal investigation posses the greatest risk.
"The key negative for GM is not the cost of the recall, which we estimate at $40mn based on basic cost... More
