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GM Recalls About 500K Chevrolet Camaros - Quick Facts

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General Motors Co. (GM: Quote) said it would recall 511,528 current generation Chevrolet Camaros cars, particularly in North America, because the driver's knee can bump the key FOB and cause the key to move out of the "run" position, thereby resulting in loss of power.

This defect, which majorly affects drivers sitting close to the steering column, was discovered by GM at the time of internal testing, following the ignition switch recall earlier this year.

The Detroit-based automaker added that the Camaro ignition system meets its engineering specifications and is not related to the ignition system used in Chevrolet Cobalts and other small cars covered in the ignition switch recall. GM said it is aware of three crashes that led to four minor injuries that it believes may be attributed to this condition.

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by RTT Staff Writer

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Stocks have given back some ground over the course of the trading day on Wednesday after failing to sustain an early upward move. The choppy trading reflects uncertainty ahead of a highly anticipated announcement from the Federal Reserve. After reporting a notable contraction in U.S. economic activity in the first quarter, the Commerce Department released a report on Wednesday showing that gross domestic product rebounded by more than anticipated in the second quarter. Employment in the U.S. private sector continued to see notable growth in the month of July, according to a report released by payroll processor ADP on Wednesday, although the pace of job growth came in below economist estimates.
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