GM, Takata Take Brand-Name Beatings Amid Recalls, but U.S. Auto Sales Still Strong

SUGAR LAND--June 25, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, General Motors (NYSE:GM) (Detroit, Michigan) announced that it would recall 3.4 million vehicles after it found that its keys could cause the ignition switches to move out of position, especially if they carry lots of weight (e.g.: heavy key rings), which can shut off the engine and disrupt power steering. The problem is proving costly for the company. Industrial Info is tracking $3.4 billion in active and unconfirmed projects involving GM, including almost $1 billion in projects that are set to kick off within the next 12 months.

Other companies featured: Toyota Motor Corporation (NYSE:TM), Honda Motor Company Limited (NYSE:HMC)