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G.M. Recall

GM Is Being Probed By The DOJ, SEC

AP | Posted 04.24.2014 | Business

DETROIT (AP) — U.S. securities regulators are looking into General Motors' delayed recall of more than 2 million cars with a deadly ignition switch ...

More Bad News For GM

Reuters | Posted 04.24.2014 | Business

DETROIT, April 24 (Reuters) - General Motors Co on Thursday posted lower quarterly profit after a massive recall due to defective ignition switchs l...

GM Delayed Yet Another Recall, Documents Show

AP | TOM KRISHER | Posted 04.19.2014 | Business

DETROIT (AP) — General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer co...

GM Still Hasn't Tested Whether A Knee Bump Can Turn Off Engine

Reuters | Julia Edwards and Eric Beech | Posted 04.17.2014 | Business

WASHINGTON - General Motors says that cars being recalled because of faulty ignition switches can be driven safely before repairs, based on more than ...

Senators Press Delphi For Answers On Recalled GM Cars

Reuters | Posted 04.15.2014 | Politics

WASHINGTON, April 15 (Reuters) - U.S. lawmakers probing how General Motors used faulty ignition switches in many vehicles are turning their scrutiny...

GM 'Punishes' Engineers For Alleged Cover-Up

AP | By TOM KRISHER and DEE-ANN DURBIN | Posted 04.11.2014 | Business

DETROIT (AP) — General Motors has suspended two engineers in the first disciplinary action stemming from its mishandled recall of more than 2 millio...

Senator Believes GM Should Face Criminal Action

Reuters | Posted 04.06.2014 | Politics

WASHINGTON, April 6 (Reuters) - General Motors should make restitution to victims' families and face criminal action if merited for the way it handl...

Families Of Victims Want GM Prosecuted For Car Defects

AP | By TOM KRISHER and PAUL WISEMAN | Posted 04.07.2014 | Business

WASHINGTON (AP) — The families of those who died in General Motors cars with defective ignition switches want prosecutors to go after GM insiders re...

GM Recall: What Needs to Happen Next

Ami Gadhia | Posted 04.03.2014 | Politics
Ami Gadhia

As the answers come to light, Consumers Union, the policy and advocacy arm of Consumer Reports, has a list of policy recommendations to raise the bar for accountability and help prevent another safety crisis.

Jon Stewart: GM's Recall Math Adds Up To 'F**K It!'

Posted 04.03.2014 | Comedy

General Motors is in hot water over defective ignition switches that are blamed for at least 13 deaths -- a problem the carmaker allegedly knew about,...

So Much for the Great GM Bailout

Ben Hallman | Posted 04.03.2014 | Business
Ben Hallman

But what kind of company did the government save? One that waited a decade to recall millions of cars with a lethal defect that would shut down engines without warning. One that chose not to replace the defective part, an ignition switch, when it was first detected. It would have cost less than $1 a car to do so.The automaker, of course, isn't the only big company facing criticism for its actions before or after a government bailout. JPMorgan Chase, Bank of America and Wells Fargo have been accused in multiple federal lawsuits of lying about mortgage investments they knew were lousy in order to boost profits. Foreclosure abuses associated with the mortgage servicing arms of these companies have led to tens of billions of dollars of legal settlements.

Senators Push For Answers On Eyebrow-Raising Delay

AP | By MARCY GORDON and TOM KRISHER | Posted 04.02.2014 | Politics

WASHINGTON (AP) — Lawmakers on Capitol Hill accused General Motors of a potentially criminal cover-up of its defective ignition switches and fumed a...

The Maddening Reason GM Didn't Fix Deadly Ignition Switch

Reuters | Paul Lienert and Marilyn Thompson | Posted 04.02.2014 | Business

DETROIT/WASHINGTON (Reuters) - General Motors Co in 2005 decided not to change an ignition switch eventually linked to the deaths of at least 13 peopl...

The Price Of Human Life, According To GM

Michael Moore | Posted 04.01.2014 | Business
Michael Moore

The executives at GM knew for 13 years that their cars had a defective ignition switch that would, well, kill people. But they did a "cost-benefit analysis" and concluded that paying off the deceased's relatives was going to be cheaper than having to install a $10 part per car.

GM Faces Congress Over Deadly Defects

AP | DEE-ANN DURBIN | Posted 04.01.2014 | Business

DETROIT (AP) — General Motors' new CEO and the head of the nation's auto safety watchdog are headed to Congress to testify about a defect in small c...

GM Recalling 1.3 Million More Cars

Posted 03.31.2014 | Business

General Motors announced Monday it is recalling more than 1.3 million cars in order to fix a power steering problem. Here's a list of the cars sub...

Memo Reveals Damning Evidence Of GM's Failures

AP | By DEE-ANN DURBIN | Posted 03.31.2014 | Business

DETROIT (AP) — General Motors discussed two separate fixes for an ignition switch defect in 2005 but canceled both of them without taking action, ac...

House Panel: GM Documents 'Paint An Unsettling Picture'

Reuters | Posted 03.30.2014 | Politics

(Corrects attribution, paragraph 3) WASHINGTON, March 30 (Reuters) - Thousands of documents from General Motors and a federal agency o...

GM Recalls 824,000 More Cars

AP | By TOM KRISHER and DEE-ANN DURBIN | Posted 03.29.2014 | Business

DETROIT (AP) — General Motors announced two more recalls late Friday, bringing to 4.8 million the number of cars, trucks and SUVs the automaker has ...

Dem Senator Demands Compensation Fund For Recalled Cars

Reuters | Posted 03.24.2014 | Politics

By Richard Cowan WASHINGTON, March 24 (Reuters) - Pressure built on General Motors on Monday to take steps to get 1.6 million of ...

Why Car Companies Are Not Becoming Safer

Kellie Cummings | Posted 03.24.2014 | Business
Kellie Cummings

This is the paradox of regulations. They make consumers feel safer, but they don't influence a company's misguided moral compass.

Toyota, GM and the Big 'Values' Blowout

Stuart Muszynski | Posted 03.24.2014 | Business
Stuart Muszynski

Although Toyota and GM may be among the most extreme cases since 1970s Ford Pintos exploded from gas tank collisions, this compromise of values occurs every day in corporate America.

GM Hit With Wrongful Death Lawsuit

Reuters | Posted 03.24.2014 | Business

* Lawsuit filed on behalf of three teenage girls injured or killed in 2006 crash * Lawsuit accuses company of concealing ignition defe...

Do Corporate Fines Punish Anyone?

Judge H. Lee Sarokin | Posted 03.24.2014 | Crime
Judge H. Lee Sarokin

In my humble opinion, corporate fines for criminal conduct are a farce. Shareholders who are not guilty of the wrongdoing and many of whom did not even own the company's stock at the time of the criminal activity, in effect, pay the fine.

GM CEO Makes Grim Admission

Reuters | Posted 03.18.2014 | Business

* New actions are unrelated to ignition switch problems * GM to take $300 mln charge in 1st qtr for all four recalls * C...