Did General Motors Financial violate the Financial Institutions Reform, Recovery, and Enforcement Act?
General Motors Engineers Treated Large Car Ignition Switch Failures Differently Than Small Car Engineers
Engineers reacted to ignition defects more quickly when it occurred to larger, more profitable vehicles.
Plaintiffs will still receive compensation through Ken Feinberg’s fund, however.
The amount of the severance packages was not disclosed.
Prosecutors Cite Misleading Statements As Key Focus In Criminal Probe Against General Motors.
The NHTSA has received over 1,000 complaints for brake line failure.
Some GM vehicles are not listed as eligible for compensation under the company’s current plan, angering some victims.
The Valukas report indicated GM high-ups did not know.
GM is learning some vehicles may have been omitted from past recalls.
Doug Parks was involved in a few decision-making discussions over replacing the Cobalt’s ignition switch.
The company will also continue to reach out to affected vehicle owners.
GM’s earnings are going to take a huge hit.