General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
Lawmakers put Barra on the spot, telling the CEO she should have fired GM’s corporate counsel, Michael Millikin, based on the conclusions of an internal report.
GM CEO Mary Barra says 15 employees — many of them senior legal and engineering executives — have been forced out of the company
General Motors CEO Mary Barra has told Washington lawmakers that GM could simultaneously release an internal investigation into a deadly ignition switch problem and its plan to compensate victims.
U.S. Secretary of Transportation Anthony Foxx and the National Highway Traffic Safety Administration’s Acting Administrator David Friedman are holding a press conference.
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.
The recall covers vans from the 2009-2014 model years and includes GMC Savana and Chevrolet Express models.