Posts Tagged 'GM'

GM CEO Gives Deposition in Ignition Switch Issue

It was one of the biggest scandals in the history of the U.S. domestic auto market. From the time it was first observed in 2004 to the deadly incidents that would claim at least 124 lives in the coming years, the GM faulty ignition switch recall and resulting scandal would erase billions in value from the company and cause immeasurable pain and suffering to families across the country. 2.6 million vehicles would be affected.

Company CEO Mary Barra has repeated continue reading...

GM to Pay $900 Million over Ignition Switch Defect

GM to pay 900 million dollars in ignition switch settlementBloomberg reports that General Motors Co. has agreed to pay $900 million to the U.S. Justice Department over an ignition switch flaw linked to the deaths of at least 124 people.

Evidence suggests that GM was aware of the potentially fatal ignition switch defect as early as 2003, when it was reported by a Pontiac owner and demonstrated to officials. The flaw leaves the ignition key ...

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GM Report Shows Years of Negligence over Faulty Switches

GM has released the report of an internal investigation on its handling of the faulty ignition switches that caused its most recent recall. The details of the information point to a pattern of “incompetence and neglect” as employees were found to have known about the problems for years. The report brings to light dozens of employees’ failures to act despite knowledge of the ignition switch defects that led to an unknown number of injuries and ...

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Millions More GM Vehicles Recalled

General Motors (GM) made headlines yet again at the end of June when the automotive manufacturer announced another recall on 8.2 million vehicles due to potentially dangerous and defective ignition switches. A company spokesperson announced that the defect could cause the vehicles to suddenly lose power, which can disable numerous safety features and cause drivers to lose control. Similar defects in the Chevy Cobalt, 2.6 million of which were previously recalled earlier this year, were associated ...

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GM faces $10 Billion Lawsuit Saying Recalls Damaged Brand

GM facing lawsuits over resale value lost because of ignition switch recallA lawsuit filed in June alleges that the recent GM recalls of millions of cars and trucks damaged the brand and that owners should be compensated for lost resale value. The complaint claims that concealing defects hurt GM vehicle owners.

The lawsuit claims that potentially 15 million car and truck owners should be compensated more than $10 billion for, not just the vehicles that were ...

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GM Knew of Ignition Defect Before 2004

Federal safety regulators from the National Highway Traffic Safety Administration (NHTSA) recently made documents public that show automotive manufacturer General Motors (GM) knew about ignition defects before 2004. Documents in the report indicate that GM officials were alerted to the defect in 2003, and possibly knew about it as early as 1997.

GM has been in hot water with the NHTSA and the public due to its failure to issue a timely recall for a dangerous ignition ...

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