1. IT GETS WORSE

    GM Recalls 2.4 Million More Cars

    Frederic J. Brown/AFP/Getty

    On Tuesday, General Motors announced that it will recall an additional 2.42 million cars in four new campaigns stemming from issues with its faulty ignition switch. The automaker will take a $400 million charge in the second quarter for the recalls, double the $200 million it had announced on Thursday. That’s relative pocket change compared to the $1.3 billion GM took for the recalls in the first quarter. GM has had a costly past week. On Friday, it paid a record $35 million fine to the National Highway Traffic Safety Administration for failing to recall 2.6 million vehicles. That failure is believed to have caused 32 crashes and 13 deaths. GM has now recalled 13.6 million vehicles domestically and 15.2 million worldwide.

    Read it at Detroit News