GM said the recall charges did bite, but the company still had strong across-the-board performance.
The Japanese company has remained the top-selling automaker since 2012 and ended last year with record sales of 9.98 million vehicles.
The Detroit automaker will see profits slammed by charges stemming from global recall, S. American currency troubles and Europe restructuring.
Both plaintiffs and General Motors were busy in the court's previous session.
The Ion was among the 1.5 million cars General Motors recalled earlier for possible loss of power steering.
GM plans to build five more plants in China next year to increase manufacturing capacity there by 65 percent by 2020.
Continental made airbag systems for recalled cars, including sensors that determine if and when airbags go off in an accident, according to the suit.
Documents show the Cadillac brand experienced ignition-switch issues similar to those that triggered the 2014 recall of 2.6 million compacts.
The plaintiffs have alleged that they bought or leased General Motors vehicles that contained an ignition switch defect.
Nearly all of the everyday, normal vehicles purchased are connected by platforms and components. This practice isn’t limited to one class or line of vehicles, however.
At least 13 deaths in Saturn Ions, Chevrolet Cobalts and other car models have been linked to the faulty ignition switches.
Lawmakers still do not know how GM engineers initially reacted to the problem or whether senior executives were made aware of it.
U.S. Senator Claire McCaskill led a blistering round of questioning of GM CEO Mary Barra last week.
GM CEO Mary Barra was on Capitol Hill for a second day of hearings into the ignition switch recall of approximately 2 million cars.
Colorado Congresswoman Diana DeGette cited a 2005 GM document, which she said showed a cost of 57 cents to fix each defective switch.
Congressmen grilled GM CEO Mary Barra and NHTSA chief David Friedman about the ignition switch recall for 2 million vehicles.
The automaker Monday announced another major recall, this time related to power steering problems.
In a memo released on Sunday by the House of Representatives Energy and Commerce Committee, documents provided by GM and a federal regulator provided "unsettling" information.
The company faces a federal probe on why it did not respond sooner to complaints.
Auto companies are subject to a specific law that makes it a crime for them to mislead regulators about safety defects.
GM’s 2009 reorganization exempts it from earlier legal liabilities linked to its defective ignition switch. Unless it doesn’t.
The recall follows one in February when the company called in 1.6 million vehicles, triggering a federal investigation.