GM is Being Sued For $10 Billion

The news that GM is now the target of a potential $10 billion lawsuit is almost enough to make you feel sorry for them…and then you read another headline about how the company basically ruined Courtland Kelley’s career for having the gall to suggest that defective ignition switches could be a deadly problem and then […]

Added on June 18, 2014 Timothy Moore chrysler recalls , dodge recalls , ignition switch , ignition switch recall , jeep recalls

Chrysler Ignition Switches Now Under Investigation

Because why should GM have all the fun?

Just as Mary Barra testified yet again at a U.S. House hearing about the GM ignition switch recall, the National Highway Traffic Safety Administration (NHTSA) announced that there might be a similar issue with Chrysler ignition switches. Officially, NHTSA is opening two separate probes into potential defects in Chrysler ignition switches. In total, the administration […]

Added on June 16, 2014 Kyle Johnson general motors , GM , GM Ignition switch recall , gm investigation , gm recall , gm recalls , ignition switch , New GM Recalls

GM is Recalling 3.36 Million More Vehicles, Of Course

The latest bundle of recalls brings the number of cars that GM has "proactively" called back in 2014 past the 20 million mark.

The fact the GM is recalling 3.36 million more cars today for problems with the ignition switch would be hilarious were it not for the fact that General Motors’ ineptitude is well past the point of being comical and verging into con artist territory. GM has issued six more recalls today, with the largest spanning […]

Added on June 12, 2014 The News Wheel general motors ignition switch , gm ignition switch , ignition switch failure , ignition switch recall , kenneth feinberg , Mary Barra

Ignition Switch Settlement Criteria Being Determined

After the Valukas report was released, Mary Barra announced that GM had brought on Kenneth Feinberg to head up a compensation program, in a move to reach out to those who lost loved ones or were victims themselves in the ignition switch failures. This move is most definitely a step in the right direction for […]

Added on June 10, 2014 The News Wheel General Motors stock , gm shareholders , gm stockholders , ignition switch recall , Mary Barra

Mary Barra Heads GM Stockholders Meeting

Today, Mary Barra addressed the company’s stockholders during the annual GM stockholders meeting. “In every market, consumers have more and better automotive choices than ever before,” Barra said. “And the competition is only going to get tougher. This is a reality. Another reality is that GM is positioned to be stronger, leaner and more responsive […]

Added on June 5, 2014 The News Wheel anton valukas , general motors ignition switch recall , GM Ignition switch recall , gm recalls , ignition switch recall , Mary Barra

Valukas Report Puts GM in the Right Direction

The General Motors ignition switch recall has plagued new CEO, Mary Barra, ever since her appointment in late January. In the latest turn of events, the company has received the “Valukas Report,” the findings of an investigation conducted by former U.S. Attorney, Anton Valukas, into the Cobalt ignition switch recall that has been riddled with […]

Added on May 24, 2014 Kyle Johnson general motors , general motors accidents , general motors ignition switch recall , general motors recall , GM , GM Ignition switch recall , gm recall

GM Increases Accident Tally to 47

The company told NHTSA on Friday that 47 crashes have been linked to the faulty ignition switches, but will not budge from their claim of 13 fatalities.

General Motors told federal regulators on Friday that the number accidents related to ignition switch defects is 47 and not 32 as they had previously told NHTSA. GM is otherwise unwavering when it comes to their fatality count, sticking with the company line that only 13 people died behind the wheels of vehicles such as […]

Added on May 21, 2014 Kyle Johnson general motors , general motors recalls , GM , GM Ignition switch recall , GM lawsuit , Gm lawsuits , gm recalls

GM Faces Losing $10 Billion in Lawsuits

If it indeed comes to pass, it certainly couldn't happen to a nicer company.

General Motors says that it is facing no less than 79 lawsuits from customers seeking upwards of $10 billion for the loss of value in their recalled cars. 20 class-action lawsuits have been filed since the beginning of May, many of which use the concept of successor liability to hold “new GM” accountable for the […]

Added on May 16, 2014 Kyle Johnson federal safety laws , general motors , General Motors fined , GM , GM fined , gm ignition switch , GM Ignition switch recall , GM ignition switch recalls , gm investigation , U.S. Department of Transportation , US DOT

Breaking: GM Fined $35 Million For Safety Law Violations

Today, the United States Department of Transportation announced that GM will pay the maximum $35 million fine for violating federal safety laws in connection with the timeliness of their recall of 2.5 million vehicles with a potentially deadly ignition switch issue. It was also announced that GM will be required to make a number of […]

Added on May 15, 2014 Kyle Johnson general motors , general motors recall , gm recall , GM recall alerts , gm recalls

GM Recalls 2.7 Million More Vehicles

General Motors this morning announced five new recalls totaling 2.7 million vehicles. This brings the total number of vehicles recalled by GM in 2014 past the astounding total of 10 million. The largest of the five recalls is for 2.4 million 2004-2012 Chevy Malibu, 2004-2007 Malibu Maxx, 2005-2010 Pontiac G6 and 2007-2010 Saturn Aura models. […]

Added on May 7, 2014 The News Wheel general motors , general motors engineers , jim federico

Jim Federico, GM Global Head of Subcompact Vehicles, Announces Retirement

Jim Federico has been with General Motors for 36 years but formally announced his retirement just two days ago. Federico served as the Executive Chief Engineer of Subcompact and Electric Vehicles. Most recently, he reported to Mark Reuss, GM Head of Product Development, though he used to report to Mary Barra before her promotion to […]

Added on April 30, 2014 Kyle Johnson 11.2 billion , bailout , economic crisis , federal relief , general motors , general motors bailout , General Motors bailout cost , GM , gm bailout , GM bailout cost

Report: GM Bailout Cost Taxpayers $11.2 Billion

A report released Wednesday includes an addition $826 million "administrative claim" that bumps the GM bailout cost up to $11.2 billion.

According to a government report made public on Wednesday, the federal government posted an even greater loss in bailing out General Motors than what it had initially perceived. The damage: $11.2 billion, nearly a full billion more than the original Treasury estimate of $10.3 billion. The extra $826 million is being attributed to an […]

Added on April 24, 2014 Kyle Johnson First Quarter 2014 , first quarter numbers , Fiscal quarters , general motor profit , general motors , general motors profits , GM , gm profit , gm profits , Q1 2014

Somehow, GM Profits Reach $125M in Q1 2014

Despite $1.3 billion for repairs to recalled vehicles, a $400 million loss in Venezuela, and a $284 million loss in Europe, GM still managed to turn some kind of profit in the first quarter.

General Motors is paying to the tune of $1.3 billion to repair the immense catalog of vehicles affected by recalls—including $700 million toward fixing 2.59 million vehicles with ignition switch issues similar to those that have killed at least a dozen people. Despite all of this, and despite taking a $284 million loss in Europe, […]

Added on April 13, 2014 Kyle Johnson chevy cobalt recall , cobalt recall , federal investigation , general motors , general motors ignition switch recall , general motors recall , GM , GM CEO Mary Barra , GM Ignition switch recall , gm recall , ignition switch , ignition switch recall , Mary Barra , NHTSA , saturn ion , saturn ion recall

GM Recall Roundup: What’s Done in the Dark…

Documents suggest that Barra knew of issues with the Ion as far back as October 2011, the two engineers placed on paid leave are named, and five Democrats urge the DoJ to force GM to establish a victim's fund.

This weekend’s GM recall roundup sees a number of documents coming to light and a number of signs pointing to the conclusion that GM and Delphi both knew that something was wrong with their ignition switches. Of particular interest is the fact that current GM CEO Mary Barra had at least some rudimentary understanding of […]

Added on April 10, 2014 Kyle Johnson anton valukas , barra , chevy cobalt recall , cobalt recall , general motors , general motors engineers , general motors ignition switch recall , general motors recall , GM , GM CEO Mary Barra , gm engineers , gm ignition switch , GM Ignition switch recall , GM ignition switch recalls , gm recall , ignition switch , ignition switch recall , ignition switch recalls , Mary Barra , paid leave , valukas

Two GM Engineers on Paid Leave After Valukas Reports Findings

GM CEO Mary Barra calls the decision "difficult." You know what else is difficult? Burying your child because of something that could have been easily avoided if someone else had taken responsibility. That's difficult.

Heads have begun to roll at General Motors after Anton Valukas’ independent investigation into just how deep the incompetency that led to 2.6 million recalls and at least a dozen deaths runs. As a result of the investigation, Mary Barra is pulling out her CEO scythe and going headhunting. None shall be spared, and no […]

Added on April 1, 2014 Kyle Johnson general motors , general motors ignition switch recall , general motors recall , GM , GM Ignition switch recall , gm recall , ignition switch recall , Mary Barra , U.S. House Energy and Commerce Committee , U.S. House Energy and Commerce Committee's Subcommittee on Oversight

“Is The New GM Responsible?”: Barra Fields Tough Questions

Jan Schakowsky (D-Illinois) asks the question on the minds of many: "Is The New GM responsible?"

Mary Barra’s testimony before the U.S. House Energy and Commerce Committee’s Subcommittee on Oversight is still going on, and we’ve only just now had some of the more important questions asked. After enduring a yes/no question barrage from John Dingell (D-Michigan) and the perpetual indignation of Joe Barton (R-Texas), who at one point legitimately used […]

Added on March 31, 2014 Kyle Johnson electric power steering , electric power steering assist , electric power steering assist recall , general motors , general motors recall , GM , GM Ignition switch recall , gm recall , gm recalls , ignition switch recall

GM Recalls 1.3 Million Vehicles for Power Steering Problem

Because it just wouldn't be another day in March if GM didn't recall a whole bunch of their vehicles.

This afternoon, General Motors announced…yeah, you got it…another recall. This time, they are calling back 1.3 million vehicles due to a potential sudden loss of electric power steering assist. Per General Motors’ press release, the following vehicles are involved in the company’s latest recall: Chevrolet Malibu: All model year 2004 and 2005, and some model […]

Added on March 30, 2014 Kyle Johnson 2013 Chevrolet Cruze , 2014 Chevrolet Cruze , 2014 Chevrolet Silverado , 2014 Chevy Silverado , 2014 GMC Sierra 1500 , 2014 Sierra , 2014 Silverado , 2015 Chevrolet Suburban , 2015 Chevrolet Tahoe , 2015 Chevy Suburban , 2015 Chevy Tahoe , 2015 GMC Yukon , 2015 gmc Yukon XL , 2015 Suburban , 2015 Tahoe , 2015 yukon , 2015 yukon xl , Chevy Cruze , general motors , general motors recall , GM Ignition switch recall , gm recall , gm recalls , gm safety recall , safety recall

Latest GM Recall: 490K Trucks and SUVs, 172K Cruzes

The latest recall of a combined 662,000 GM-made vehicle brings the total number of vehicles recalled in March to 4.8 million.

To General Motors, vehicle recalls for safety-related issues may well be the equivalent of Pringles: “Once you pop, you can’t stop.” Except in this case, their reward is not the salty goodness of potato chips, but rather the confidence that the survival of their empire may well depend on how they handle the mess that […]

« Previous 1 2 3 4 5 Next »