General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
Lawmakers put Barra on the spot, telling the CEO she should have fired GM’s corporate counsel, Michael Millikin, based on the conclusions of an internal report.
U.S. Rep. Diana DeGette wants General Motors to explain how it plans to fix what’s been described as a lax corporate culture and how the company plans to compensate victims of crashes tied to faulty ignition switches.
Faulty General Motors ignition switches are blamed for 13 deaths and have prompted a massive recall, but a Denver engineer told CBS4 Investigator Rick Sallinger she knew about the problem two years ago.
GM CEO Mary Barra says 15 employees — many of them senior legal and engineering executives — have been forced out of the company
General Motors CEO Mary Barra has told Washington lawmakers that GM could simultaneously release an internal investigation into a deadly ignition switch problem and its plan to compensate victims.
U.S. Secretary of Transportation Anthony Foxx and the National Highway Traffic Safety Administration’s Acting Administrator David Friedman are holding a press conference.
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.
The recall covers vans from the 2009-2014 model years and includes GMC Savana and Chevrolet Express models.