General Motors says it has enough parts to fix ignition switches in recalled small cars

Markets Associated Press

General Motors CEO Mary Barra says the company has enough parts available to fix all the faulty ignition switches that are blamed for at least 23 deaths nationwide.

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Barra told reporters at an investor conference Wednesday that GM's parts supplier finished making the parts a few days before a goal of early October. GM recalled 2.6 million cars in February and says it has repaired about 1.1 million. That's just under half the vehicles when scrapped cars are excluded.

Barra says GM is trying to get the rest of the owners to bring their cars in for repairs.

She also says GM sees nothing to indicate that it will spend more than the $400 million to $600 million it has estimated to compensate ignition switch crash victims.