Members of a Senate subcommittee accused General Motors of trying to cover up problems with an ignition switch that is now tied to 13 deaths.
General Motors Co. said Monday it is recalling 1.5 million vehicles worldwide because the electronic power-steering assist can suddenly stop working, making them harder to steer.
Congress is demanding answers from the new CEO of General Motors and the head of the nation’s auto safety watchdog about why it took at least a decade to recall cars with a defective part that is now linked to 13 deaths.
New General Motors CEO Mary Barra has been cooperative with members of Congress investigating why the company did not act sooner to address a potentially deadly defect in some of its small cars, U.S. Rep. Diana DeGette said.
General Motors has reimagined its small pickup truck to cater to outdoorsy folks who haul smelly wet dogs and kayaks. In other words, Subaru buyers.
Gene Haas wanted to build a dream team, with an opportunity to see his name in Victory Lane. He wasn’t going to let Tony Stewart stand in his way of making that happen.
Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
There is some encouraging news out of Detroit as August was the best month for the Big Three since 2009.