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GM faces new recall

General Motors (GM) is recalling 117,651 cars and trucks in North America because of a potential manufacturing defect in their chassis-control systems.

Vehicles affected by the recall are the model year 2013-2014 Chevrolet Tahoe and Suburban; 2013-2014 Cadillac CTS; 2013-2014 GMC Yukon and Yukon XL; 2013-2014 Cadillac Escalade and Escalade ESV; 2014 Chevrolet Traverse; 2014 GMC Acadia; 2014 Buick Enclave; 2014 Chevrolet Express; 2014 GMC Savana; 2014 Chevrolet Silverado HD; and 2014 GMC Sierra HD.

GM said it is unaware of any crashes, injuries or deaths related to the chassis-control problem. The automaker estimates that roughly 1 percent of the recalled vehicles suffer from the defect.

About 4,500 of the vehicles being recalled remain on dealer lots and will be fixed before being put up for sale.

GM has recalled more than 29 million vehicles around the world this year for a range of mechanical issue. At least 23 people have been killed in crashes linked to faulty ignition switches, a mediator hired to oversee compensation for victims said this week.

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Camille Biros, deputy administrator of the fund GM created to offer victims financial compensation, told CBS MoneyWatch earlier this month that the number of death claims is likely to rise.

GM's latest recall came as CEO Mary Barra shared details about the company's new financial strategy.

"In the nine months that this leadership team has been together, we have spent a significant amount of time setting our goals for the future of GM and developing a specific action plan," Barra said, speaking from a GM testing facility in Michigan.

Among other steps aimed at boosting sales and moving the company past the string of recalls, GM said it is moving its Cadillac brand from Detroit to New York City.

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