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Summary: General Motors is upping its safety investigation measures after several shareholder lawsuits have been filed accusing the board of failing to be proactive in a recent ignition switch recall that has caused the deaths of thirteen people. The Department…>read moreNo Comment September 8, 2014
On Thursday, Senator Clair McCaskill asked why General Motors top lawyer is still employed by the company, according to The Wall Street Journal. This question shows that lawmakers investigating the company are going to dig deeper for changes to the…>read moreNo Comment July 18, 2014
A criminal fraud case is being developed by federal prosecutors to determine if General Motors issued misleading statements about a deadly ignition switch flaw, according to Reuters. The prosecutors are also examining activity by the company that dates back one…>read moreNo Comment July 14, 2014
The report made by U.S. Attorney Anton Valukas (scroll down to read the redacted internal report) on the failure of GM ignition switches did not find a conspiracy, but found enough to lead GM CEO Mary Barra to fire 15 top…>read moreNo Comment June 8, 2014
General Motors is recalling more than 140,000 2014 Chevrolet Malibu midsize cars to fix a problem with the power-assisted brakes. According to Dallas News, the Malibus were among the 2.7 million General Motors vehicles that were included in the recalls…>read moreNo Comment May 17, 2014
General Motor shares are up Thursday, even after an 85 percent decline in profits after GM lost $1.3 billion in recall related repairs. Opening trade on Thursday showed GM shares were up 3.3 percent at $35.52. General Motors says its ever…>read moreNo Comment April 24, 2014
Tuesday, the General Motors Company has named its first female chief executive, promoting Mary Barra, a former inter,n who over three decades with the company rose to head the automaker’s global product development, to its top position. Mary Barra has…>read moreNo Comment December 10, 2013
The CEO of General Motors, Dan Akerson, said on Wednesday that he hopes the company reacquires investment-grade credit status in 2013, according to The Associated Press. Akerson spoke with reporters, saying that General Motors is still working with credit rating…>read moreNo Comment January 9, 2013
On Friday, a trial in the U.S. District Court in Detroit, found Shanshan Du, 53, and her husband Yu Qin, 51, guilty of conspiring to possess trade secrets without authorization, and also guilty of two counts of unauthorized possession of…>read moreNo Comment December 1, 2012
When GM sold their Swedish carmaker Saab to Spyker Cars NV for $74 million in 2010, commentators thought it was a long shot that Spyker could make it work. Sure enough, within a year, they were bankrupt and had to…>read moreNo Comment August 7, 2012
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