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Precarious Rides: The World of Auto Recalls

From GM to Honda, a succession of automakers have been plagued with expensive product recalls in the past year.

By Christina Bramlet | Updated on January 23, 2013

In recent years, auto manufacturers have been plagued with expensive product recalls, along with the litigation and PR nightmares that invariably ensue.

Toyota Motor Co., for one, is still reeling from a slew of mechanical issues that have impacted its global operations during the last 3 years. In Oct. 2012, the manufacturer recalled 2.5 million vehicles sold in the U.S., citing potential fire risks, only to later announce a staggering $1.1 billion settlement in December to resolve lawsuits stemming from “unintended acceleration” mishaps in certain Toyota and Lexus models.

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