General Motors Co. chose not to use a more robust ignition-switch part in Chevrolet Cobalts and other small cars while they were being designed, a decision that may have led to deaths, safety advocates said.
General Motors Co.’s Mary Barra will bring corporate baggage to Washington when she testifies before Congress this week: GM’s history of contentious battles over vehicle safety stretching back 50 years to the Corvair.
When General Motors Co.’s Mary Barra begins Congressional hearings tomorrow as an emissary of what she’s portrayed as a more responsive GM, she will face down decades of skepticism -- plus fresh indications that the automaker decided it would be too expensive to fix the flawed ignition switches behind several deadly crashes.
General Motors Co. hired Jenner & Block LLP Chairman Anton Valukas, who served as a U.S. Justice Department-appointed examiner of the downfall of Lehman Brothers Holdings Inc., to help lead an internal probe of an ignition- switch failure tied to at least 13 deaths.
The new U.S. consumer finance watchdog is gearing up to monitor how millions of Americans use credit cards, take out mortgages and overdraw their checking accounts. Their bankers aren’t happy about it.