The official death toll from GM’s faulty ignition switches that it knew about but failed to recall stands at 124, with many more injured. News came out last night that GM would settle with the government for $900 million in the criminal case, but it also just agreed to settle for a further $575 million in the civil… »
Fiat Chrysler CEO Sergio Marchionne is still on a quest to merge with General Motors, and seems to be the only one who thinks it’s a good idea. GM has no interest in such a merger, so I don’t see how it can actually happen. But if it did, what then? The two current competitors have a great deal of overlap in their… »
General Motors announced the recall of 196,379 Hummers for fire risk. Three people suffered minor burns due to the issue, and GM said earlier today those were the only fires related to the issue. Now it’s come out that 42 fires have been reported.
To date, General Motors’ outside fund has approved 119 death claims and 243 injury claims related to the defective ignition switch that sparked last year’s recall crisis. The fund is set to wrap up soon. Before it does, critics — including some family members of those killed — are wondering why the fund is covering… »