General Motors will be filing its IPO paperwork shortly. It could come literally any hour now. Today’s news of a recall may only be an asterisk in the grand scheme of things. This is a large recall in size because it is 243,000 vehicles. The issue comes down to rear seatbelts issues that could prevent secure latching in the Buick Enclave, the Chevrolet Traverse, the GMC Acadia and in the Saturn Outlook.
The exact damage appears to come from second row seat belts after the seats were lowered and then returned to the original upright position. This is of course an unpopular event but this is not an end of the world recall.
Tuesday’s strong stock market is likely to negate any major impact this recall might have. But this brings another question. We want to know what you think in an anonymous survey that will take you twenty seconds. If you could get GM shares at the IPO price, would you really want to buy the shares?
[polldaddy poll=3611721]
JON C. OGG
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