Reuters Report Creates New Headaches for GM

The analysis determined 74 people died in GM car accidents with similarities to the 13 deaths linked to defective ignition switches.
4:11 | 06/03/14

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

More information on this video
Enhanced full screen
Explore related content
Comments
Related Extras
Related Videos
Video Transcript
Transcript for Reuters Report Creates New Headaches for GM
Yeah. It's Tuesday June 3 the New York business markets are open in today's big number is 74. According to Reuters news report that's how many people have died in GM car accidents with similarities to those thirteen deaths. GM has already linked to defective ignition switches. Hello everyone I'm Michelle Franzen in New York here with the -- -- on the Reuters report. And a preview of GM sales report out today -- MacKey from Yahoo! finance good morning. Let's dig and there was Reuters story a little deeper. It seems that the thirteen deaths GM is already acknowledging are included in the 74 number talk about Reuters methodology that brought an end to this new number. -- -- Into the fatality analysis reporting system. And they looked at incidents where the what -- the driver was killed. No airbag was deployed single car accidents some of the similarities that we saw -- these thirteen acknowledged incidents that GM is -- owned up to now. There are a lot of ways to interpret the data and an outfit talent he an accident involving a fatality. Boy yet -- -- want to pin the blame down to something specific Reuters its I was an exercise in numbers but it also. Exposes the fact GM really is not done with there's going to be very hard for -- -- for the company to put these this incident behind them the company itself owns up to it. And and this will be dragged out as an incident that something that has held up in front of GM for probably months and years to come. And GM of course has been dealing with this for months already GM declined to comment on the Reuters findings or methodology but did say this. In a statement our focus -- on doing the right thing for customers. Fixing the recalled vehicles as quickly as possible addressing our civic and legal responsibilities. And setting a new industry standard for safety. All this of course is GM is gets ready to announce its may car and truck sales what direction that we expect from those numbers to be heading. GM is looking for about a six point 4% number regarding that statement quickly that's really precisely what GM can deal I think it's easy to -- big metal big Detroit. And to talk about kind of a faceless corporate America but you know what they're doing what they cannot -- since then they've been very pro active. GM sales are expected be up six point 4% were expecting that number any minute across the industry sales are the strongest they've been since 2007. We're expecting car sales on an annualized basis to be over sixteen million. This without really anything beyond just fed stimulus and so we've gone through for the last decade fifteen years. Cash for clunkers we got -- keep America rolling all kinds of their refinancing programs. And it turns out the economy the business cycle economic demand is actually stimulating car sales. And we're seeing an industry revival here GM expected to participate map but not at the rate -- say Chrysler -- for -- up 17% numbers. Still faring well though with all that's going on Ford GM and -- as you mentioned the economy. Helping out an -- Michelle I'm just getting those numbers in now up 13% are twice -- the what was expected for General Motors. To order -- 84000 it's impressive number for General Motors and again it shows a company that's being proactive. And also having her tail wind of a growing albeit slowly economy and easy money from the -- So -- that it's twice the number they expected how do you expect the company to react as well as investors. Well I think investors well in the context of what's going on with the industry as a whole these numbers -- across the board very strong. And so as not as though you're gonna see investors -- Odyssey Ford stock and into General Motors today. But really I'm a big fan of -- the company data rather than the government economic indicators I'd like to see these auto sales are really like to see those consumers out -- buying cars. Because it means Americans feel good about the economy Michelle Yeoh -- spent thirty grand on a car and -- to feel like you're going to be employed six months from now. And so I think this is one of the better economic tells and I feel as though. This is a sign again a very slow growth it's not satisfying many people that the economy is chugging along slow and steady. Jeff MacKey from Yahoo! finance thank you for joining us. You of course can keep up with the latest headlines right here on abcnews.com. You've been watching the big number I'm Michelle Franzen in New York.

This transcript has been automatically generated and may not be 100% accurate.

{"id":23973745,"title":"Reuters Report Creates New Headaches for GM","duration":"4:11","description":"The analysis determined 74 people died in GM car accidents with similarities to the 13 deaths linked to defective ignition switches.","section":"Business","mediaType":"Default"}