Internal General Motors Co. documents released yesterday by Congress show that company executives, including Chief Executive Officer Mary Barra, were slow to respond to complaints about vehicle safety that built up for more than a decade.
Higher fines and jail time are being considered by U.S. lawmakers who grilled General Motors Co. Chief Executive Officer Mary Barra over why it took years to recall 2.6 million cars for faulty ignition switches.
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.’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.
General Motors Co. will probably create a fund of as much as $3 billion to pay claims associated with an ignition-switch flaw the automaker said is linked to the deaths of 12 people, a Barclays analyst wrote this week.
Representative Fred Upton, the Michigan Republican leading U.S. hearings into General Motors Co.’s recall of 1.6 million cars, has some of the closest ties to the automobile industry of any member of Congress.
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.
A House panel will investigate the response of General Motors Co. and U.S. regulators to consumer complaints about ignition-switch failures that led to the recall of 1.6 million vehicles and are linked to at least 13 deaths.