Consumer Minute: GM's costly bailout & a fit bracelet for kids

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by Sandra Parker, 13News Now

WVEC.com

Posted on May 1, 2014 at 9:08 AM

Updated Thursday, May 1 at 9:08 AM

Turns out the bailout of General Motors is costing American taxpayers more than expected.  The cost is now more than $11 billion -- about a billion dollars more than initially estimated.  That cost includes more than $800 million that the U.S. Treasury wrote off last month, ending its involvement with GM.

Here's some good news in the auto industry. It seems Ford could exceed its commitment to hire 12,000 people by the end of next year. At Ford's retooled Kansas City plant, nearly 5,000 employees have begun assembly on the 2015 Ford Transit.  That vehicle is now being built and sold in the U.S. for the first time. The work force there includes 2,000 additional employees, most of them new hires, to add a third crew to the plant.

If you're trying to get your child to exercise more, there's a new product coming out that might help. Leap Frog has unveiled the first fitness bracelet designed exclusively for kids.  The "leap band" comes pre-loaded with several activity challenges.  The $40 device is going to start hitting store shelves in July.

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