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DETROIT, Mich. – The number of approved death compensation claims related to a recall of a faulty General Motors ignition switch now stands at 24, up from 19 last month, reported Michigan Live. The claims were approved by a fund set up by GM to compensate victims of a defective part in mid-to-late-2000s model cars ... Read More »
Read More →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 →Cadillac, long the king of Detroit’s auto brands, is abandoning Motown, reported The Wall Street Journal. General Motors Co. said on Tuesday that its struggling luxury brand will move 50 key employees and its headquarters to New York next year amid a wider effort to carve Cadillac out as a stand-alone business unit with more ... 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 →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 (AP) — The death toll tied to faulty ignition switches in General Motors small cars has risen to 19, according to a compensation expert hired by the company. The number is likely to go higher, reported Michigan Live. Kenneth Feinberg said Monday that he has determined that 19 wrongful death claims are eligible for ... 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 »
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