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General Motors will start construction this fall on a $174 million stamping plant in Lansing, Mich., that will make components for the nearby Lansing Grand River assembly plant, the company said on Wednesday, reported The New York Times. The plant, which will stamp steel into auto components like hoods and door panels, will create or ... Read More »
Read More →Lawyers from across the United States gathered in Manhattan Monday to jockey for leadership roles in litigation against General Motors over a faulty ignition switch that has prompted the recall of millions of vehicles, reported Reuters. Nearly 40 lawyers waited for hours to make four-minute pitches to U.S. District Judge Jesse Furman, who is overseeing ... Read More »
Read More →General Motors Co has lost its bid to dismiss a lawsuit accusing the automaker of concealing critical evidence about a faulty ignition switch linked to the death of a Georgia woman in 2010, reported Reuters. During a hearing on Saturday, Cobb County State Court Judge Kathryn Tanksley denied GM’s motion to dismiss the new lawsuit ... Read More »
Read More →In its first eight days, General Motors Co.’s compensation program has received about 120 claims, more than half of which involved deaths allegedly linked to GM cars that were recalled earlier this year to fix an ignition-switch defect, reported The Wall Street Journal. Kenneth Feinberg, the lawyer hired by GM to oversee the program, said ... Read More »
Read More →General Motors Co. must turn over documents related to its subprime auto-lending under a subpoena issued by the U.S. Justice Department, the Detroit auto maker disclosed in a regulatory filing Monday, reported The Wall Street Journal. GM’s car-financing unit said it received the subpoena July 28 in connection with a federal investigation of subprime auto ... Read More »
Read More →Sixty-eight people were killed and nearly 200 others injured, most with severe burns, after an explosion Saturday at an automotive parts factory in eastern China that supplies General Motors, officials said, reported The Detroit News. It was China’s most serious industrial disaster since a fire at a poultry plant killed 119 people in June last ... Read More »
Read More →A fund set up by General Motors to pay for deaths and injuries caused by its vehicles with faulty ignitions is accepting claims, reported The Detroit News. The five-month filing period that began Friday is part of the fallout from General Motors’ recall of 2.6 million small cars beginning in February. That recall forced General ... Read More »
Read More →General Motors Co. on Friday starts taking applications from victims of accidents connected to defective ignition switches in its small cars, promising the first payouts from the about $400 million fund by November, reported The Wall Street Journal. The nation’s largest auto maker has said it would pay from $20,000 to several million dollars per ... Read More »
Read More →Six months after stepping aside as General Motors Co.’s fourth CEO in five years and leaving his successor with a searing recall crisis, Dan Akerson tells The Detroit News “we all … didn’t fully realize how deeply some of the problems ran,” reported The Detroit News. That’s not the half of it, as his hand-picked ... Read More »
Read More →A $2.5 billion pretax bill for safety recalls and a victims’ compensation fund slashed General Motors Co.’s second-quarter profit and highlighted the work it must do to close a profitability gap with rival Ford Motor Co., which reported stronger results for the quarter ahead of a critical product launch, reported The Wall Street Journal. GM ... Read More »
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