GM: Recalls May Continue to Mid-Summer

General Motors Co. has advised Wall Street that the company's record number of vehicle recall campaigns this year will continue for about two more months, the Associated Press reports.

GM already has launched 29 recalls in the U.S. that cover 13.8 million vehicles some involved in multiple campaigns. The company says there are more to come as it shifts to a more agile approach to safety issues that calls for faster response to problems.

One analyst who was briefed by GM earlier this week says the company's new approach will hike the number of campaigns but should eventually reduce the number of vehicles involved in each recall.

Separately, GM CEO Mary Barra met with federal lawmakers to update them on the company's own investigation into its delayed recall of 2.6 million cars to fix an ignition switch the company knew about more than a decade earlier. The probe is expected to be completed by early June.

GM may announce results of the investigation at the same time it unveils a plan to compensate victims of crashes caused by the defective switches, according to AP, which cites an unidentified congressional aide.

Barra told Congressional members the company won't be able to produce enough ignition switches to match recall demand until July.