Barra: General Motors Done With Recalls on Older Vehicles

Sep 08, 2014 04:01 PM EDT | Matt Mercuro

General Motors CEO Mary Berra said this week that the company is likely done with the flood of recalls on its older vehicles that made headlines for weeks earlier this year.

During an interview with CNBC, Barra said the company is looking into evidence of problems with older vehicles as they croup up. The company feels confident that it has now addressed most of the issues however.

"I think as we look to the past, we are substantially complete," she said, according to CNBC. "If we find issues, we will address [them], but the most important thing we are doing is making sure we create defect-free vehicles as we move forward."

GM has recalled 29 million vehicles so far in 2014, a new record.

Approximately two-thirds of the vehicle recalls were on models that the company doesn't even make anymore.

The automaker hasn't announced any recalls in a month after announcing 65 separate recalls during the first seven months of 2014, according to Reuters.

Barra also said dealers will have all the parts they need to repair 2.6 million vehicles listed in its highest-profile recall involving ignition-switch issues linked to at least 13 deaths.

Repairs on those vehicles were delayed due to the lack of available parts earlier this year, according to CNN.

Barra is also stepping up efforts to notify car owners of those vehicles that the parts are available and that they should start bringing them in for repairs.

Earlier this year, GM admitted that employees knew about the issues with the ignition switch, which can cause the vehicle to turn off while driving, for more than a decade before recalls were initiated earlier in 2014.

A compensation fund was set up to pay victims of crashes that occurred along with their families. GM expects to pay out somewhere between $400 million to $600 million to victims.

GM faces civil lawsuits tied to the recall and possibly criminal charges. 

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