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General Motors Co. capped the week by issuing three new recalls covering almost 60,575 vehicles in North America — the biggest for an ignition switch issue on some Pontiac G8 and Chevrolet Caprice police patrol vehicles, reported The Wall Street Journal. The auto maker has now issued six separate recalls over the past three days ... Read More »
Read More →American consumers are buying new cars and trucks at the strongest pace in years, offsetting car makers’ troubles elsewhere and leading the biggest U.S. auto maker to forecast fat profits ahead, reported The Wall Street Journal. Overall U.S. sales rose 9% last month compared with the same period in 2013 to a nearly decade high. ... Read More »
Read More →General Motors Co on Tuesday named an engineer to serve as its first cybersecurity chief as the No. 1 U.S. automaker and its rivals come under increasing pressure to better secure their vehicles against hackers, reported Reuters. The No. 1 U.S. automaker promoted manager Jeff Massimilla to the post as part of an eight-month review ... Read More »
Read More →The death toll from accidents involving General Motors cars with a defective ignition switch has edged up again, reported The New York Times. In a weekly update of claims filed to the victim compensation program run by the compensation expert Kenneth R. Feinberg, the program disclosed that 21 death claims had been deemed eligible for ... Read More »
Read More →Federal auto safety regulators came under scrutiny in a Senate hearing on Tuesday for their role in General Motors’ failure to promptly report and recall cars with defective parts that led to at least 19 deaths, reported Reuters. A report released by a House committee earlier on Tuesday said officials at the National Highway Traffic ... Read More »
Read More →DETROIT — General Motors Co. today increased its financial support of General Motors Financial Co. (GM Financial), providing the captive finance company with a new $1 billion line of credit. The new support agreement replaces an existing $600 million credit line. It also provides that GM will use commercially reasonable efforts to ensure that GM ... Read More »
Read More →The General Motors Co. ignition switch compensation program has received 309 claims through Monday, including 107 related to fatal accidents, reported Michigan Live. Camille S. Biros, of Feinberg Rozen LLP, which is overseeing the program for the Detroit-based automaker, said payments to eligible victims and their families are expected to be finalized by the end ... Read More »
Read More →Survivors have filed about 100 claims for loved ones killed in one of 2.6 million recalled General Motors cars, according to a spokeswoman for Ken Feinberg, administrator of the automaker’s compensation fund, reported Detroit Free Press. As of Friday, claims also were filed by 184 people who were injured in one of the cars, which ... Read More »
Read More →Federal prosecutors are scrutinizing whether employees inside and outside General Motors Co. GM’s legal department concealed evidence from regulators about a faulty ignition switch, potentially delaying a recall of vehicles with the fatal problem, according to people familiar with the matter, reported The Wall Street Journal. The investigation is at an early stage, one of ... Read More »
Read More →General Motors Co’s website for owners of its vehicles recalled for faulty ignition switches has been expanded to include all 20 models involved, the automaker said, reported Reuters. The site launched in April initially informed owners of the 2.59 million mostly small cars, including the Chevrolet Cobalt and the Saturn Ion, that had ignition switches ... Read More »
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