Members of a Senate subcommittee accused General Motors of trying to cover up problems with an ignition switch that is now tied to 13 deaths.
Lawmakers on Capitol Hill accused General Motors of a potentially criminal cover-up of its defective ignition switches and fumed at the lack of answers from its new CEO during a second day of hearings Wednesday into why GM waited a decade to recall cars with the deadly flaw.
Lawmakers in Washington want to know why it took General Motors 13 years — and 13 deaths — to recall a faulty ignition switch.
Most people go to the Twin Cities Auto show to see all the flash, but there are some cars with real function on the floor this year. Families can check out vehicles with lots of space and safety features, but when you’re ready for your midlife crisis you can also indulge yourself in a little glitz and glamor.
After posting an incredible recovery following the recent recession, the nation’s automakers didn’t need to do battle with Mother Nature. But the extreme winter weather across the country is forcing car dealers to get creative to help attract winter-weary customers. At Carlson Toyota in Coon Rapids, another truckload of new cars rolls off the trailer and onto the lot. While demand for new vehicles remains high, consumers are having a hard time making it in to the dealerships.
Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
President Barack Obama and Republican candidate Gov. Mitt Romney met Tuesday night in New York for their second debate.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
We’ve seen the slickly produced car commercials that laud the rebirth of Detroit’s automakers. But it’s in the showrooms of dealers like Jerry Golinvaux’s Roseville Chrysler Dodge Jeep, where sales numbers capture the real story.
General Motors and Isuzu Motors announced Monday they are recalling more than 258,000 sport-utility vehicles.
General Motors and Isuzu are recalling more than 258,000 SUVs in the U.S. and Canada to fix short-circuits in power window and door lock switches that can cause fires.
Facebook boosted the size of its initial public offering by as much as $3 billion on Wednesday as some major stockholders sharply increased the number of shares they intend to sell as part of Friday’s IPO.
GM aired a video in certain markets over the Thanksgiving holiday and takes viewers through a sentimental series of triumphs and defeats.
General Motors is returning to life as a public company Thursday with a stock offering worth potentially $23 billion. CBS News Business and Economics Correspondent Rebecca Jarvis joined John Hines on WCCO Radio.