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GM News

GM Reveals That It Faces A Number Of Investigations

Apr 24 2014 05:45 PM | GM News
In a securities filing today, General Motors revealed that it is currently under five different government investigations into its handling over the ignition switch recall. The five investigations include ones from U.S. Attorney’s Office for the southern district of New York, Congress, NHTSA, the SEC, and a unnamed state attorney general.
 
“We are also the subject of various inquiries, investigations, subpoenas and requests for information from the U.S. Attorney’s Office for the southern district of New York, Congress, NHTSA, the SEC, and a state attorney general in connection with our recent recall. We are investigating these matters internally and believe we are cooperating fully with all requests...


New Documents Shine A Light On GM's Ignition Switch Crisis, Two Executives Step Down

Apr 15 2014 07:15 AM | GM News
Just when you thought General Motors couldn't dig any deeper with the ignition switch recall, they seem to find a way. The U.S. House Energy and Commerce Committee released over 600 pages of documents relating to the GM ignition switch recall early this week and it shows a number of deeply entrenched problems. 
 
Let's begin with a story we reported last week that said two engineers from GM, Gary Altman and Ray DeGiorgio were put on paid leave. We knew DeGiorgio was put on paid leave for testifying for not knowing the part change, even though he signed a document authorizing the change. But Altman was another question as we didn't know why he was put on paid leave. We now know that Altman was the engineer wh...


GM Puts Two Engineers On Paid Leave, Recalls Vehicles Involved Ignition Switch Crisis For Another One

Apr 11 2014 07:25 AM | GM News
The bad news for General Motors continues to flow in.
 
The Detroit News reported yesterday morning that GM has put two of its engineers, Gary Altman and Ray DeGiorgio on paid leave as part of as part of a continuing internal investigation into the ignition switch recall. The two engineers were singled out during the congressional hearings as members of congress were very dubious as to why the company hadn't fired anyone at the moment.
 
In a statement released today, GM CEO Mary Barra said the decision came after an update from Anton Valukas, the former U.S. attorney who is currently overseeing an independent investigation over the recall.
 
“This is an interim step as we...


General Motors Gets A $28,000 Fine From NHTSA For Answering Questions Too Slowly

Apr 09 2014 08:15 AM | William Maley in GM News


Last month, the National Highway Traffic Safety Administration (NHTSA) sent General Motors a 27 page document with 107 questions that dealt with the massive ignition switch recall that affects 2.8 million vehicles worldwide and is linked to 1...



GM Issues A Recall On 1.3 Million Vehicles On Power Steering Systems.. Again

Mar 31 2014 03:45 PM | William Maley in GM News


The last thing you want before testifying before the U.S. House is announcement of more vehicles being recalled. In the case of the General Motors, this is happening. The automaker announced this afternoon the recall of 1.3 million vehicles because of...





GM Calls More Vehicles Into The Ignition Switch Recall, Replacement Ignitions May Cause More Headaches

Mar 29 2014 11:25 AM | William Maley in GM News


Last night, General Motors announced that the ignition switch has been expanded to include an additional 824,000 vehicles. The vehicles include,2008-2010 Chevrolet Cobalt2008-2011 Chevrolet HHR2008-2010 Pontiac G52008-2010 Pontiac Solstice2008-2010 Sat...



Lawsuits Says GM Hasn't Recalled All Of Vehicles Affected By The Ignition Switch Recall

Mar 25 2014 04:45 PM | William Maley in GM News


Despite GM's recall of over 1.6 million vehicles due to faulty ignition switches, two new lawsuits allege that the company hasn't recalled them all.   Bloomberg reports that one lawsuit has been filed in San Francisco's federal court states t...