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.
General Motors is recalling another 3 million cars because of a defect that causes a similar problem to one that led to an earlier massive recall of small cars, and is linked to 13 deaths.
A thorough review of General Motors safety issues is nearing completion and has not turned up any more serious problems, company CEO Mary Barra said on Tuesday.
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 said that 15 employees were fired and five others were disciplined over the company’s failure to disclose a defect with ignition switches.
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.
The new CEO of General Motors is going to be in the hot seat on Tuesday, as lawmakers on Capitol Hill grill her about a series of recalls which are tied to at least 13 deaths.
The recall covers vans from the 2009-2014 model years and includes GMC Savana and Chevrolet Express models.
For the first time, a woman will be in charge of a major U.S. automaker. GM Chief Executive Dan Akerson will step down next month and be replaced by Mary Barra