GM (GM) Ignition Switch Internal Investigation Results Expected Out Thursday
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Expect GM (GM) Sentiment to Recover Meaningfully - BofA/Merrill Lynch
June 5, 2014 3:53 PM EDTBofA/Merrill Lynch analyst John Murphy weighed in on General Motors (NYSE: GM) following the company's press conference regarding the ignition switch recall investigation and business update where the company largely reiterated its 2014 financial outlook, and noted that it is on track... More
General Motors' (GM) Valukas Report Finds Neglect but No Conspiracy
June 5, 2014 9:27 AM EDTIn a speech Thursday, General Motors' (NYSE: GM) CEO Mary Barra discussed finding from an investigation into its highly publicized ignition recall. The probe headed by Anton Valukas found incompetence and neglect, and a lack of urgency, but not a conspiracy.
Barra... More
GM (GM) to Implement Compensation Plan for Those Tied to Ignition Switch Recall
June 5, 2014 9:25 AM EDTGeneral Motors (NYSE: GM) announced it will implement a compensation program for those who have lost loved ones or who have suffered serious physical injuries as the result of an ignition switch failure in recently recalled vehicles.
We are taking responsibility for what... More
GM (GM) CEO Says 15 Employees Removed Following Valukas Report
June 5, 2014 9:16 AM EDT(Updated - June 5, 2014 9:23 AM EDT)
General Motors (NYSE: GM) CEO Mary Barra said that GM has received the findings of an investigation by former U.S. Attorney Anton Valukas into the Cobalt ignition switch recall and plans to act on all of its recommendations.
She again expressed deep sympathy for the victims of accidents related to the ignition switch defect and their families. In addition, Barra announced that Kenneth Feinberg will administer a compensation program for those who have lost loved ones or who have suffered serious physical injuries as the... More
