General Motors News
News on General Motors (Ticker: GM) continually updated from thousands of sources around the net.
2 hrs ago | Time
Attorney Kenneth Feinberg testifies during a hearing before the Consumer Protection, Product Safety, and Insurance Subcommittee of the Senate Commerce, Science and Transportation Committee July 17, 2014 on Capitol Hill in Washington, DC. The subcommittee held hearing on "Examining Accountability and Corporate Culture in Wake of the GM Recalls."
A US Senate subcommittee will hold a hearing Tuesday to probe the slackardly performance by the National Highway Traffic Safety Administration in enforcing auto and highway safety laws. The trigger for this hearing is the NHTSA's failure to press General Motors on ignition switch complaints.
Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. But the move carries risks, as gamers can be fickle.
The death toll tied to faulty ignition switches in General Motors small cars has risen to 19, according to a compensation expert hired by the company. The number is likely to go higher.
General Motors Company is going through the laborious process of analyzing the hundreds of claims for compensation resulting from defective ignition switches that were installed in 2.6 million of their vehicles. Yet according to Kenneth Feinberg, GM's Compensation Fund Administrator, on CNBC today, some of the claims being sent in are "woefully inadequate", and very few have been approved thus far.
Information related to settlement funds to be awarded by General Motors , stemming from their recall of automobiles affected by faulty ignition switches, reveals the number of deaths caused by the defect is higher than the automaker initially acknowledged. The Detroit Free Press reported today that 19 different families will receive compensation despite GM's previous claims that the number of deaths linked to ignition-switch failures, which can cause the engine to turn off while the car is moving and effectively deactivate the car's airbags, was as low as 13. Given that the deadline for applications for compensation is not until the end of this year, this number, too, is expected to climb.
General Motors Co. will pay compensation for 19 deaths linked to a faulty ignition switch, according to the lawyer overseeing the process, more than the 13 deaths the automaker had previously admitted were caused by the now recalled part.
Google Inc., with its vision for a future where cars drive themselves, is putting itself at odds with an auto industry that shares its desire for safer, less- congested roads -- yet won't abide the "driverless" part. The clash pits the Internet giant, public for barely a decade, against companies that spent a century building the machines that put people behind the wheel of autos.
On July 18, 2013, Detroit filed for Chapter 9 bankruptcy after decades of social and industrial decline. By this time, only General Motors Company's headquarters remained in its borders, and only 713,862 remained of the 1.85 million citizens that lived in the city in the 1950s.
An Acura RLX sedan demonstrated an unusual way to tow another car this week: the vehicles were not physically attached. The second car drove itself, following instructions beamed over by the first in a feat of technology that indicates a new stage in automation is happening faster than many expected.
The new disconnect technology that GKN will sell to Ford Motor Co. and General Motors Corp. as well as BMW allows the four-wheel drive to disconnect at high speeds as a way to save fuel.
The automotive industry has been hit by a series of unpleasant events. Bloomberg 's Betty Liu reported that Ford Motor Company will be garbage collecting among its sold cars and General Motors Company told dealers to halt the sales of 2015 Chevrolet Corvette.
Major brand sponsors are watching closely to make sure the National Football League doesn't fumble the investigation into how its executives handled evidence in the Ray Rice domestic violence case. For big companies like Anheuser-Busch, General Motors and Procter & Gamble, an NFL sponsorship is a coveted prize.
Washington -- General Motors Co. told its dealers to halt sales of about 2,800 new Chevrolet Corvettes for possible defects.
Courtesy photo Findlay Cadillac staffers, from left, Dave Neyman, Jennifer Jackson-Parvari and Don Kot combine for more than 60 years in the car business. Findlay Cadillac, already rated among the top dealerships of its kind in the nation, has bolstered its staff by adding three members with more than 60 collective years in the car business.
Updated: Tue Sep 16, 2014 04:54 am
Copyright © 2014 Topix LLC