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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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While stocks have largely maintained a positive bias over the course of the trading day on Thursday, the major averages are turning in a mixed performance in mid-day trading. The S&P 500 has reached a new record intraday high and the Dow has climbed back above 17,000, while the tech-heavy Nasdaq is posting a modest loss. Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July. Results of a survey released by the Federal Reserve Bank of Philadelphia on Thursday showed that regional manufacturing activity unexpectedly grew at an accelerated rate in the month of August, with the index of activity in the sector reaching a three-year high.
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