product recall costs News

General Motors Co. said recall and car-loan charges for this year rose 8 percent to $2.7 billion, as the company is hit almost daily with new lawsuits over the call-ins. The Detroit-based automaker spent $680 million to repair defective ignition …

In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers in the U.S. and Europe, American International Group (AIG) launched NOVI, a web-based service to help companies estimate the cost …