Consumer activist Ralph Nader and a free-market group whose funders include billionaires Charles and David Koch are part of a growing crowd urging the Senate to preserve value for investors in Fannie Mae and Freddie Mac.
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. Chief Executive Officer Mary Barra told a U.S. House committee that the automaker still doesn’t have all the answers that might explain why it waited a dozen years to fix a flaw linked to 13 deaths.
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.
An automobile-safety watchdog is questioning U.S. regulators’ explanation that they didn’t have enough information to justify investigating reports of defective ignition switches that could affect air bags in some General Motors Co. cars.
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.
Cisco Systems Inc. shareholder Ralph Nader, a former presidential candidate and consumer advocate, reiterated a call for Chief Executive Officer John Chambers to issue a special dividend and increase the existing one.