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safety is nhtsa's top priority. our employees go to work every day trying to prevent tragedies like these are our work reducing dangerous behaviors behind the wheel, improving the safety of vehicles, and addressing safety defects has helped reduce highway fatalities to historic lows not seen since 1950. in the case of the reseller recalled general motors vehicles, we are first focused on safety and ensuring the general motors identifies all vehicles with defective ignition switch, fixes these vehicles quickly and is doing all it can to inform consumers about how to keep themselves safe. we are also investigating whether general motors met its responsibility to report and address this defect as required under federal law. if you fail to do so, we will hold the general motors accountable as we have another cases over the last five years which have led to record fines on automakers. internally at nhtsa and the department, we've already begun a review of our actions and assumptions in this case to further our ability to
safety is nhtsa's top priority. our employees go to work every day trying to prevent tragedies like these are our work reducing dangerous behaviors behind the wheel, improving the safety of vehicles, and addressing safety defects has helped reduce highway fatalities to historic lows not seen since 1950. in the case of the reseller recalled general motors vehicles, we are first focused on safety and ensuring the general motors identifies all vehicles with defective ignition switch, fixes these...
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what specifically did nhtsa at gm? >> i don't have a record of that i do not have records of us asking that question. >> you say that gm did not provide the information. it is important for the families to know what happened. this is a key government agency that is tasked with protecting the safety of the public. i want to know those questions get asked. >> they get asked of the car company when we moved into the investigation phase. what this phase was -- concerns were raised. roughly half of the cases that are brought up are brought up to investigations and half or not. one of the things that we are looking at relative to this process going forward is, do we need to make any changes? i do believe that there are some changes that we need to make to engage automakers. we need to put them in a position of letting us know if our concerns are shared by them. >> i know the family members would want to know what you would change about this whole process. >> thank you. nhtsa investigated airbag non-deployment. as he talked a
what specifically did nhtsa at gm? >> i don't have a record of that i do not have records of us asking that question. >> you say that gm did not provide the information. it is important for the families to know what happened. this is a key government agency that is tasked with protecting the safety of the public. i want to know those questions get asked. >> they get asked of the car company when we moved into the investigation phase. what this phase was -- concerns were...
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now, nhtsa did miss this defect. and no nhtsa to say that it does not know how an advanced air bag system that it mandated works is simply an omission of incompetencey from the agency. furthermore, in 2007, nhtsa engineers recommended an investigation based on 29 complaints, 29 crashes, 25 injuries, and four deaths. yet management did not improve an investigation. instead, management began in 2008 to open equipment queries that generated hundreds of inconsequential recalls. take an example, when vasco made an after-market sun roof, nhtsa sent pro forma printed ecall forms to the equipment installers, little shocks that simply installed one or two sun roofs. they generated 111 recalls from that alone. another case involving wheelchair lifts that were installed once again, onesies and two sies by small van converters generated 123 recalls. so instead of opening an investigation into the ignition switch where people died in unknown numbers and the toll is only going to rise, nhtsa initiated investigations into after-mar
now, nhtsa did miss this defect. and no nhtsa to say that it does not know how an advanced air bag system that it mandated works is simply an omission of incompetencey from the agency. furthermore, in 2007, nhtsa engineers recommended an investigation based on 29 complaints, 29 crashes, 25 injuries, and four deaths. yet management did not improve an investigation. instead, management began in 2008 to open equipment queries that generated hundreds of inconsequential recalls. take an example,...
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but nhtsa was also laboring under a handicap. there appears to have been a lot of information that gm knew but they didn't share with the national highway traffic safety administration. we need to make sure that nhtsa and the public have access to the same information about safety as auto executives. that's why today i'm introduced the motor vehicle safety act of 2014. this bill's modeled on the legislation that the committee passed in 2010 but was never enacted into law. it will make more information on defects available to the public. and it will increase nhtsa's funding and increase civil penalties for manufacturers when companies like gm fail to comply with the law. mr. chairman, we should learn as much as we can from this investigation. then, we should improve the law to make sure we're not here again after another auto safety tragedy in the near future. i want to yield back my time. thank you. >> gentleman yields back. i'd now like to introduce the witness on the first panel for today's hearing. miss mary barra, chief execu
but nhtsa was also laboring under a handicap. there appears to have been a lot of information that gm knew but they didn't share with the national highway traffic safety administration. we need to make sure that nhtsa and the public have access to the same information about safety as auto executives. that's why today i'm introduced the motor vehicle safety act of 2014. this bill's modeled on the legislation that the committee passed in 2010 but was never enacted into law. it will make more...
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that's in gm specifications and nhtsa. is that an accurate description of the technical specification? >> i don't know. i would have to go back and redo that and i can provide that information. >> there seems to be a problem. if the specifications say that airbag deploys when power is off, and we know these airbags are not deployed when power is off, then we got a much bigger problem. that means we could have airbags across the entire doby books industry that do not have the appropriate sensors in their that allow the deployment even when the power has gone off during some kind of collision, or in this case because of a defective part. that would be information we would also like to follow up on. finally two things for the record. will you commit to coming back in front of this committee when you can answer the questions? >> yes. >> and secondly, all the information you're providing commits on friday would you be so kind as to provide a copy of all of that information to this committee? >> yes. >> thank you. senator heller
that's in gm specifications and nhtsa. is that an accurate description of the technical specification? >> i don't know. i would have to go back and redo that and i can provide that information. >> there seems to be a problem. if the specifications say that airbag deploys when power is off, and we know these airbags are not deployed when power is off, then we got a much bigger problem. that means we could have airbags across the entire doby books industry that do not have the...
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i expect more from nhtsa than what they showed today and i think nhtsa knows that they can do better and they had better do better. that being said it's my understanding the secretary of transportation has requested an internal investigation conducted in honor of nhtsa's handling of the gm recall. secretary fox also stated he has directed nhtsa and the department's general counsel to jointly conduct a due diligence review and i'm looking forward to the reports. we need to ensure that consumers are safe on the road. we need to understand the facts of this recall. there are many questions to be answered and i hope today's hearing is to provide some answers to the u.s. taxpayers and to what they deserve so thank you chairman. >> thank you senator heller. ms. barra welcome. we respect and appreciate your presence here today and we welcome your testimony. [inaudible] >> turn your microphone on. >> is set on now? sorry about that. thank you very much. my name is mary barra and i'm the chief executive officer of general motors. i appreciatappreciat e the opportunity to be here today. more t
i expect more from nhtsa than what they showed today and i think nhtsa knows that they can do better and they had better do better. that being said it's my understanding the secretary of transportation has requested an internal investigation conducted in honor of nhtsa's handling of the gm recall. secretary fox also stated he has directed nhtsa and the department's general counsel to jointly conduct a due diligence review and i'm looking forward to the reports. we need to ensure that consumers...
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if you want to blame nhtsa, then you give nhtsa the weapons to go after the car company.lame them afterwards when they never had the weapons. >> mr. weigel, tell me about natasha. >> she's pretty free-spirited kid. she played hockeys since she was 8 years old, and a lot of energy. she's a pretty free spirit. and for me and all of the families, all these kids in these accidents, mostly young kids. >> everything was ahead of them. she'd be 24, 25? >> close. it's cut short. and this is tearing her mother apart. that was her only daughter, and many other families, it was their only child. so there needs to be responsibility somewhere. it's their -- i hope congress will end it. >> well, i appreciate your sharing your story here. hopefully, you can get some satisfaction -- some satisfaction today. >> thank you. >> in watching this hearing with gm's hearing, mr. weigel, thank you for coming on. msnbc will have live coverage of that hearing, ceo's mary barra's testimony, in the next hour. and tea parties. i'll have more awkward conversations than i'm equipped for, because i'm rai
if you want to blame nhtsa, then you give nhtsa the weapons to go after the car company.lame them afterwards when they never had the weapons. >> mr. weigel, tell me about natasha. >> she's pretty free-spirited kid. she played hockeys since she was 8 years old, and a lot of energy. she's a pretty free spirit. and for me and all of the families, all these kids in these accidents, mostly young kids. >> everything was ahead of them. she'd be 24, 25? >> close. it's cut short....
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but nhtsa was also laboring under a handicap. there appears to have been a lot of information that gm knew but they didn't share with the national highway traffic safety administration. we need to make sure that nhtsa and the public have access to the same information about safety as auto executives. that's why today i'm introduced the motor vehicle safety act of 2014. this bill's modeled on the legislation that the committee passed in 2010 but was never enacted into law. it will make more information on defects available to the public. and it will increase nhtsa's funding and increase civil penalties for manufacturers when companies like gm fail to comply with the law. mr. chairman, we should learn as much as we can from this investigation. then, we should improve the law to make sure we're not here again after another auto safety tragedy in the near future. i want to yield back my time. thank you. >> gentleman yields back. i'd now like to introduce the witness on the first panel for today's hearing. miss mary barra, chief execu
but nhtsa was also laboring under a handicap. there appears to have been a lot of information that gm knew but they didn't share with the national highway traffic safety administration. we need to make sure that nhtsa and the public have access to the same information about safety as auto executives. that's why today i'm introduced the motor vehicle safety act of 2014. this bill's modeled on the legislation that the committee passed in 2010 but was never enacted into law. it will make more...
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laura, to you, should nhtsa be involved here? what should happen to them. >> well nhtsa needs some assistance going forward. certainly they dropped the ball. as a former federal investigator for the government it's difficult sometimes. but nonetheless, if i could find those missing pieces and i did, i did put together some of these defects way back in 2005, if i could find them, certainly nhtsa should have. i believe that 10 million-dollars budget for an organization that is so important is just way too low. way too low. and actually i met with david friedman last thursday and we discussed things like that and other measures such as increasing the amount of education that they're investigators receive as well as other technological-based tools. gerri: terry, i mean is there, isn't there a question here whether nhtsa was doing the job? you know, you can talk about increasing their budget and giving them more employees, but look, this is agency that just didn't work. >> oh, agree. no, it did not work. between the government and nit
laura, to you, should nhtsa be involved here? what should happen to them. >> well nhtsa needs some assistance going forward. certainly they dropped the ball. as a former federal investigator for the government it's difficult sometimes. but nonetheless, if i could find those missing pieces and i did, i did put together some of these defects way back in 2005, if i could find them, certainly nhtsa should have. i believe that 10 million-dollars budget for an organization that is so important...
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i want to make sure that we ask similar questions of both you and of nhtsa.e want to learn about the documents that were submitted on a timely and appropriate basis to nhtsa and in fact, what did they do with that information. the documents that we have looked at has produced, show that gm received complaints about its cobalt ignition switches for about two years, that ultimately resulted in a redesigned ignition switch in 2006. who within gm would have known about those specific complaints? what was the process back then? >> i was not a part of that organization at the time. that's why i'm doing the investigation to understand that. >> so you don't know the folks that would have been reported to at this point, is that right? >> i don't know the people who would have been handling this issue at that point. >> but you are getting updates. what's supposed to happen? looking back, what should have happened when these reports came in? >> in general, when you have an issue, a product issue, a safety issue, a field incident, any type of issue that comes in, you hav
i want to make sure that we ask similar questions of both you and of nhtsa.e want to learn about the documents that were submitted on a timely and appropriate basis to nhtsa and in fact, what did they do with that information. the documents that we have looked at has produced, show that gm received complaints about its cobalt ignition switches for about two years, that ultimately resulted in a redesigned ignition switch in 2006. who within gm would have known about those specific complaints?...
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it means that nhtsa was concerned and engaged on this issue. this was a difficult case where we used tools and expertise that over the last decade have successfully resulted in 1,299 recalls, including 35 recalls on air bag nondeployments. these tools and expertise have served us well, and we will continue to rely on and improve them. for example, we have already invested in advanced computer tools to improve our ability to spot defects and trends and we are planning to expand that effort. but what we know now also means that we need to challenge our assumptions. we need to look at how we handle difficult cases like this going forward. so we're looking to better understand how manufacturers deal with power loss and air bags. we are also considering ways to improve the use of crash investigations in identifying defects. we are reviewing ways to address what appear to be remote defect possibilities, and we are evaluating our approach to engaging manufacturers in all stages of our defects process. between these efforts and those of the department'
it means that nhtsa was concerned and engaged on this issue. this was a difficult case where we used tools and expertise that over the last decade have successfully resulted in 1,299 recalls, including 35 recalls on air bag nondeployments. these tools and expertise have served us well, and we will continue to rely on and improve them. for example, we have already invested in advanced computer tools to improve our ability to spot defects and trends and we are planning to expand that effort. but...
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there was plenty of time, and nhtsa, nhtsa commissioned the study on that first accident. reviewing their data where it said the airbag did not deploy and the ignition key was in the accessory position, so nhtsa actually had that information in 2006 from a 2005 accident. plenty of time to react to help prevent the accidents that occurred in 2009 and 2010. if nhtsa is not going to take the action when they have the information in front of them, it's hard to see how additional laws will help. perhaps we need a different acting administrator in nhtsa. >> congressman burgess, thank you so much. and we're looking at a live picture of the senate hearing room and saw mary barra come in just a short time ago. we should say she is expected to give exactly the same opening statement today as she did yesterday, so we will not be taking that. we also want to say once more, gm has said they are conducting an internal investigation and the company will share its findings with the public. >>> we've also been telling you about this breaking news from the supreme court, major campaign cont
there was plenty of time, and nhtsa, nhtsa commissioned the study on that first accident. reviewing their data where it said the airbag did not deploy and the ignition key was in the accessory position, so nhtsa actually had that information in 2006 from a 2005 accident. plenty of time to react to help prevent the accidents that occurred in 2009 and 2010. if nhtsa is not going to take the action when they have the information in front of them, it's hard to see how additional laws will help....
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there are a lot of top-level engineers and bright people within nhtsa. how did they both miss this? it's a huge failure to communicate and knowing what's taking place. >> i have that piece of paper for you where we had one of these engineers signed the paper in 2006 and claimed in a deposition he didn't know anything about it. that's a paper trail that goes back to 2006, is it not? >> gm knew that the part they had was not acceptable. they knew that this part did not meet specs in terms of the energy and strength it took to turn the key on and keep it in the on position, not move to the accessory position. somebody had to sign off on that. someone's name on it, some group of people who said it was okay. and that is where the problems really begin. >> all right. that hearing takes place this afternoon. tim murphy, republican from pennsylvania, who will be chairing this hearing that will feature the ceo of gm and the acting head of nhtsa. thank you, sir. >> thank you. >>> new information developing now. a potentially critical breakthrough today in the mideast peace negotiations or the
there are a lot of top-level engineers and bright people within nhtsa. how did they both miss this? it's a huge failure to communicate and knowing what's taking place. >> i have that piece of paper for you where we had one of these engineers signed the paper in 2006 and claimed in a deposition he didn't know anything about it. that's a paper trail that goes back to 2006, is it not? >> gm knew that the part they had was not acceptable. they knew that this part did not meet specs in...
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anybody can be paid given the bankrupt, and late this afternoon, the safety agency of the government nhtsastified that experts there in 2006 looked into the casesf the gm cars crashing without an airbag deplment, but failed to nd thewitch oblem, because nhtsa said that gm did not cooperate. i'm steve handelsman,news4. >>>he coverage continues with ris lawrence who has reaction from the family of a local victim who has been watching >> well, doreen, she is a mom, and this is her child. laura christian says that her daughter is the first known victim of the chevy cobalt defect. amber marie rose was 16 years old when her car crashed and slammed into a tree in charles county in the summer of 2005. amber's family says that an investigator found that the accessory mode and because of that, the air bags never deployed. a paramedic told them athe time, it could have made all of the difference. >> we are the people left behind when a loved one got into what s supped to be a safe car, a gm car. a car that gm knew for years was dangerous, anddefective. our daughters, sons, sisters, brothers, mothers,
anybody can be paid given the bankrupt, and late this afternoon, the safety agency of the government nhtsastified that experts there in 2006 looked into the casesf the gm cars crashing without an airbag deplment, but failed to nd thewitch oblem, because nhtsa said that gm did not cooperate. i'm steve handelsman,news4. >>>he coverage continues with ris lawrence who has reaction from the family of a local victim who has been watching >> well, doreen, she is a mom, and this is her...
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today, and i think nhtsa knows that they can do better.and they better do better. that being said, it's my understanding that the secretary of transportation has requested an integral investigation to conduct an audit of nhtsa's handling of the gm recall. secretary foxx also stated that he is directed nhtsa and the department's general counsel to jointly conduct a due diligence review. i'm pleased by both of these elements and look forward to the reports. we need to ensure that consumers are safe on the road. we need to understand the facts of this recall. there are many questions that need answering, and i hope that today's hearing begins to provide some answers to the u.s. taxpayers and to what they deserve. so thank you, chairman mccaskill. aske.. so it is my responsibility to resolve it. when we have answers we will be transparent with you with our regulators and customers. while i can't turn back the clock as soon as i learned about the problem we acted without hesitation and told the world we had a problem that needed to be fixed bec
today, and i think nhtsa knows that they can do better.and they better do better. that being said, it's my understanding that the secretary of transportation has requested an integral investigation to conduct an audit of nhtsa's handling of the gm recall. secretary foxx also stated that he is directed nhtsa and the department's general counsel to jointly conduct a due diligence review. i'm pleased by both of these elements and look forward to the reports. we need to ensure that consumers are...
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agency, a lot of questions for what was nhtsa thinking in 2007, 2009. what was gm m thinking? -- g.m. thinking. were they motivated by cost. why did it take a couple of months for them to say, "okay, maybe we should recall the cars.". david shuster stand by. bisi onile-ere is in detroit, and nick schifrin is in jerz rsh, because -- jerusalem, because we are awaiting word from secretary of state john kerry and talks about the middle east crisis we'll take a break and be right back. >> i'm del walters in new york. we are following two stories. in washington g.m.'s c.e.o. is at capitol hill to testify about the ignition switch and recalls. we are awaiting word from u.s. secretary of state john kerry, set to hold a news conference in brussels belgium. he'll talk about several issues, among them the ongoing crisis in ukraine, but also any breakthroughs that might be or may have been scuttled concerning the ongoing middle east peaces process. nick schifrin has been following that process. a huge development when we thought there was word that jonathan pollard
agency, a lot of questions for what was nhtsa thinking in 2007, 2009. what was gm m thinking? -- g.m. thinking. were they motivated by cost. why did it take a couple of months for them to say, "okay, maybe we should recall the cars.". david shuster stand by. bisi onile-ere is in detroit, and nick schifrin is in jerz rsh, because -- jerusalem, because we are awaiting word from secretary of state john kerry and talks about the middle east crisis we'll take a break and be right back....
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nhtsa found out about these problems.a thought the problems were the airbags, not the ignitions. they didn't make that connection of connect the dots that wfs the starter mechanism -- i'm sorry, the ignition mechanism in the car. and so, so that's what happened at first, but then disturbingly, gm, they changed out the part. the original defective part. they made a new part but they didn't give it a new serial number. so that only compounded the problem because people didn't know what was causing this. so as i say, it was sort of a keystone situation which would be funny except 2.5 million cars have been recalled. and people have died. >> yeah, no, it's such a common vehicle and it's such a scary story for people to read about because it's such a seemingly simple thing that can be so catastrophic. congresswoman diana degette from colorado. >>> coming up, today is a big anniversary on "all in." since chris is on paternity leaf, it's up to me to be the master of ceremonies. the celebrating will commence, right after this. fo
nhtsa found out about these problems.a thought the problems were the airbags, not the ignitions. they didn't make that connection of connect the dots that wfs the starter mechanism -- i'm sorry, the ignition mechanism in the car. and so, so that's what happened at first, but then disturbingly, gm, they changed out the part. the original defective part. they made a new part but they didn't give it a new serial number. so that only compounded the problem because people didn't know what was...
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we heard a lot of things out of nhtsa on those hearings. i would like to know how they improved the process and how we can expect to have confidence in their ability going forward. i yield back. >> now recognize the ranking member of the committee, ms. degette of colorado. >> thank you very much, mr. chairman. like all of us i'm deeply troubled about what our investigation has revealed about gm's business practices and its commitment to safety. here's what we know. we know that gm has raumed over 2.5 million vehicles because of defective ignition switches. we know they should have tunnel it much, much earlier. we know that gm failed to provide federal regulators with key information. and sadly, we know that at least 13 people are dead and there have been dozens of crashes because of gm produced cars that had a deadly effect. mr. chairman, i have a copy of the ignition switch assembly for one of these vehicles. and this is it. a spring inside the switch, a piece that costs pennies, failed to provide enough force causing the switch to turn of
we heard a lot of things out of nhtsa on those hearings. i would like to know how they improved the process and how we can expect to have confidence in their ability going forward. i yield back. >> now recognize the ranking member of the committee, ms. degette of colorado. >> thank you very much, mr. chairman. like all of us i'm deeply troubled about what our investigation has revealed about gm's business practices and its commitment to safety. here's what we know. we know that gm...
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tomorrow, the acting head of nhtsa will testify before the house. so will g.m.'s c.e.o. mary barra. laura christian also lost her daughter. >> there's nothing that she can truly says that's going to make up for any of this. but you know, to be clear, mary barra needs to give us the answers. >> reporter: in opening statements tomorrow the acting head of nhtsa will say g.m. didn't give them the full picture. "g.m. had critical information that would have helped identify this defect." barra will say, "i cannot tell you why it took years for a safety defect to be announced. but i can tell you that we will find out." scott, house hearings tomorrow will be followed by senate hearings on wednesday. >> pelley: jeff glor in washington, jeff, thank you very much. now we have a full list of the cars in today's g.m. recall. you can find them on our web site cbsnews.com. midnight eastern time tonight is the deadline for signing up for insurance through the obamacare web site. at least 6 million have enrolled, but a lot have waited until the last minute. since saturday, healthcare.gov has had mor
tomorrow, the acting head of nhtsa will testify before the house. so will g.m.'s c.e.o. mary barra. laura christian also lost her daughter. >> there's nothing that she can truly says that's going to make up for any of this. but you know, to be clear, mary barra needs to give us the answers. >> reporter: in opening statements tomorrow the acting head of nhtsa will say g.m. didn't give them the full picture. "g.m. had critical information that would have helped identify this...
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nhtsa must be more direct, helpful and transparent with the public that they serve. cars off the road until the ignition has been repaired to protect themselves and everyone sharing the roads with them. the second part of my mission is to reform the way gm and other car manufacturers do business. car manufacturers cannot be permitted to continue as if there is an acceptable loss of life. now is the time for congress to act and pass legislation that will give the public access to life-and-death information. give nhtsa the enforcement tools that they need and give automakers a warning that this is not acceptable and will not be tolerated. nhtsa which is responsible for protecting the monitoring of the american public needs more resources to get their job done. i urge congress to take immediate action to provide additional funding for nhtsa and to make the agency more transparent and informative for the public they are charged with serving. please help us protect our children and pass legislation to make sure it doesn't ever happen again. thank you. >> there you see fam
nhtsa must be more direct, helpful and transparent with the public that they serve. cars off the road until the ignition has been repaired to protect themselves and everyone sharing the roads with them. the second part of my mission is to reform the way gm and other car manufacturers do business. car manufacturers cannot be permitted to continue as if there is an acceptable loss of life. now is the time for congress to act and pass legislation that will give the public access to life-and-death...
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of nhtsa will be testifying in just a moment.e continuing the follow this very closely, closing bell ringing in less than five minutes with a big rally underway, second day in a row here. but once again can, nothing short of startling as far as this testimony has been concerned. next up, as i mentioned, the head of the national highway traffic safety administration. they were supposed to be watching all of this. every time there's a recall or a problem, they are notified. what will we learn from that? and a news conference where mary barra has said she will go before tv cameras once she is done today. we'll carry it live. david asman, my partner, coming up with me next. ♪ ♪ ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. david: well the effect of all this, there does appear to be a little bit of an effect on gm's st
of nhtsa will be testifying in just a moment.e continuing the follow this very closely, closing bell ringing in less than five minutes with a big rally underway, second day in a row here. but once again can, nothing short of startling as far as this testimony has been concerned. next up, as i mentioned, the head of the national highway traffic safety administration. they were supposed to be watching all of this. every time there's a recall or a problem, they are notified. what will we learn...
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nhtsa. saw a trend in g.m. customer complaints in 2007, but never did anything. >> the crash investigation information we had was inconclusive and i have did not... was not able to point to a specific defect. >> reporter: g.m. announced they've hired kenneth feinberg to handle compensation claims. he worked with families after 9/11, the b.p. oil spill, and the boston marathon bombing. scott, the senate asks questions tomorrow. >> pelley: jeff glor on capitol hill for us tonight. jeff, thanks. by the way, g.m. announced today its sales are up 4% year to year. we also have a list for you of the millions of g.m. cars that are now on recall. you'll find them at cbsnews.com. a late surge has pushed enrollment in obamacare over the top. this was the scene in the oval office today when mr. obama was told that just over seven million americans had signed up for health insurance by yesterday's deadline. that's the number that was projected before the web site's failed start last fall. how did he do it? major garrett's a
nhtsa. saw a trend in g.m. customer complaints in 2007, but never did anything. >> the crash investigation information we had was inconclusive and i have did not... was not able to point to a specific defect. >> reporter: g.m. announced they've hired kenneth feinberg to handle compensation claims. he worked with families after 9/11, the b.p. oil spill, and the boston marathon bombing. scott, the senate asks questions tomorrow. >> pelley: jeff glor on capitol hill for us...
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however nhtsa didn't catch it.id they give rick wagoner a check for $10 million and say disapfire please? he literally has not been seen by anyone. which says to me there are a lot of people that know a lot more than we're being told. gerri: it's a tragedy on some levels. >> absolutely. gerri: we had victims families on yesterday, just tragic. so many people to point the finger at. quickly, mary barra, how did she fare today? is she holding up gm's legacy and speaking well for the company? >> i think she is considering the situation. she has only been in the position for three months. they're asking her to tell them information she hasn't received until a few weeks ago. there are 286,000 pages of content and you know, i'm sure she has lawyers looking at it and guiding her on what to say, you can't say this. at other end you have senators coming at her full force. gerri: right. >> i think they will have to bring more executives in. a. a lot more investigation and making her the only person at fault i don't believe i
however nhtsa didn't catch it.id they give rick wagoner a check for $10 million and say disapfire please? he literally has not been seen by anyone. which says to me there are a lot of people that know a lot more than we're being told. gerri: it's a tragedy on some levels. >> absolutely. gerri: we had victims families on yesterday, just tragic. so many people to point the finger at. quickly, mary barra, how did she fare today? is she holding up gm's legacy and speaking well for the...
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nhtsa has not been hit quite is forthcoming.as been a discrepancy they devaluate crashes early on and there seems there was logical questions but yet you encounter the same problems in 2010 and 2011. why did it take so long to recognize there was a pattern? gerri: a lot of people have ignored the involvement of nhtsa and one thing that we focused on this show that the committee brought out was an e-mail to mary barra about the steering columns she made it clear she did not know about the problem but this e-mail put that into question. this was highly controversial. >> of course it does stipulate the steering problem and ignition problem at that point were thought to be separate issues though not necessarily so that she'd about the steering problem in 2011 but the ignition problem but that has asked -- has to be asked there are two engineers now on paid leave they have serious questions to be in serb why did they change apart without the number so what made harder to go back to do retrospectives cahow analysis and one brodeur i c
nhtsa has not been hit quite is forthcoming.as been a discrepancy they devaluate crashes early on and there seems there was logical questions but yet you encounter the same problems in 2010 and 2011. why did it take so long to recognize there was a pattern? gerri: a lot of people have ignored the involvement of nhtsa and one thing that we focused on this show that the committee brought out was an e-mail to mary barra about the steering columns she made it clear she did not know about the...
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, and that was sent to mary bar rra in relationship to an article about a further investigation by nhtsaut the loss of steering. the only e-mail that mary barra was named, no indication that she's read it or responded. we're looking at documents, going through all of them. some do indicate that cost was definitely considered when deciding whether or not to initiate any changes in the ignition switch so we'll continue going through them, guys, and we'll be back to you with more. >> very good. we'll be seeing you a little bit later in the program as well. looking forward to more details on that. >> you bet. >> thank you for joining you go. back to the story of the day, of the week, the year, the markets, and what's been going on here. susan fulton, what do you make of what's going on, and what are you doing with your clients' money right now? >> well, we're investing right now. we're actually taking a position about two days ago that we think pays a 3% dividend that we like. i would say in mary barra, in a world that is capitalist cost is always a consideration. >> what do you mean by that
, and that was sent to mary bar rra in relationship to an article about a further investigation by nhtsaut the loss of steering. the only e-mail that mary barra was named, no indication that she's read it or responded. we're looking at documents, going through all of them. some do indicate that cost was definitely considered when deciding whether or not to initiate any changes in the ignition switch so we'll continue going through them, guys, and we'll be back to you with more. >> very...
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with more on this alan kam, former nhtsa official and director of highway safety associates. always welcome to the show. good to have you here. two engineers are being suspended and some outlets are naming ray dejorio, gary altman, one lead designer of the switch. the other a cobalt project manager. are these guys going to becomescape quotes? >> well they each have a different kind of problem. mr. degorgio signed off on the product change from the gm supplier of the ignition switch, which is delphi to beef up the ignition switch somewhat even though it still didn't meet gm's own specifications. years later in 2013, he was deposed under oath and in product liability case, melton versus gm and he said, and he testified under oath that he was unaware of any product design changes in the ignition switch. so senator mccaskill said at the senate hearing last week he is lying. that appears to be the case. gerri: changed his stories on the record it would appear. tell me about gary altman? >> gary altman was the product engineer manager on the chevy cobalt in the 2004-2005 time frame
with more on this alan kam, former nhtsa official and director of highway safety associates. always welcome to the show. good to have you here. two engineers are being suspended and some outlets are naming ray dejorio, gary altman, one lead designer of the switch. the other a cobalt project manager. are these guys going to becomescape quotes? >> well they each have a different kind of problem. mr. degorgio signed off on the product change from the gm supplier of the ignition switch, which...
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are you sensing there's an appetite to get tough on the car companies, as well as nhtsa? is an appetite for safety, which has been neglected by gm. now hopefully there is a renaissance, not just in bottom lines, but also in a desire for safety on the part of gm, and i'm hopeful that mary barra will make that commitment that is so important. i want to know from gm why it made that business decision to conceal this defect again and again and again, year after year. >> is there any doubt in your mind about the answer to that? >> there's no doubt about the answer. the question is, what to do about it, and that's why the fund and the new bill and the warnings are so important. as remedies that gm can do on its own if it wants to do the right thing. >> from the outside looking in, maybe the more puzzling question, obviously, they made this decision because they would save a lot of money, but the national highway traffic safety administration, which you point out, also would be affected by this bill, we know they got indications of a problem, both in 2007 and again in 2010, but
are you sensing there's an appetite to get tough on the car companies, as well as nhtsa? is an appetite for safety, which has been neglected by gm. now hopefully there is a renaissance, not just in bottom lines, but also in a desire for safety on the part of gm, and i'm hopeful that mary barra will make that commitment that is so important. i want to know from gm why it made that business decision to conceal this defect again and again and again, year after year. >> is there any doubt in...
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twice, nhtsa was doing investigations and each time said, nowhere to go.hey are supposed to be doing, looking out for the safety of people. >> it is mind-boggling to see how this happened. general motors admits knowing about this defect in 2004 and they had a big problem a couple of years later but they didn't fix the problem. why would that be? >> we don't know. were people not communicating this to one another. what kind of corporate culture was there within g.m. where they didn't have this? >> did the impending bankruptcy have anything to do with this? did they have the right personnel? were there changeovers? did they have continuity? it sounds like they were making some sort of a financial decision when it said it didn't make sense in the business case. we don't know what that means. it is another question we are going to ask mary barra. >> you mentioned general motors went into bankruptcy. the company got a bailout in 2009. do you think that could have played a role in an alleged cover-up of some kind? >> i don't know. the federal government also put
twice, nhtsa was doing investigations and each time said, nowhere to go.hey are supposed to be doing, looking out for the safety of people. >> it is mind-boggling to see how this happened. general motors admits knowing about this defect in 2004 and they had a big problem a couple of years later but they didn't fix the problem. why would that be? >> we don't know. were people not communicating this to one another. what kind of corporate culture was there within g.m. where they didn't...
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>> well, it was not a good day, not for the new ceo mary barra or gm, we had nhtsa come up afterwardsjust as frustrated with nhtsa and their oversight, as we are to gm, there is another leg to this stool that is delphi, they were the actual producer of this product, how did they decide not to change the part number. neil: they claimed -- they try to everyone else throws them under the bus. and escape blame, delphi said we warned you about this, they did nothing about this, what is your sense whatever happened here? >> i think there are two levels, one is gm, what did gm know, when did they know it? and den years get -- 10 years getting into before they had a recall, i talked to them specifically about 2006, 2007, 2008. what was the financial health of gm at the time, they were so unhealthy they were bailed out by the taxpayers but is that why they did not do recall, because they could not live through one at that . neil: or do you think they hid it to get the bailout? anything that you have been able to investigate, or research, hinted that was a possibility that, news like this would
>> well, it was not a good day, not for the new ceo mary barra or gm, we had nhtsa come up afterwardsjust as frustrated with nhtsa and their oversight, as we are to gm, there is another leg to this stool that is delphi, they were the actual producer of this product, how did they decide not to change the part number. neil: they claimed -- they try to everyone else throws them under the bus. and escape blame, delphi said we warned you about this, they did nothing about this, what is your...
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Apr 3, 2014
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>> there is a big are pool of money that goes to nhtsa. that said, they had all the information in front of them. in fact their own investigators suggested doing investigation in 2007 but for some reason the hire up the chain in the defects office decided against investigating this problem. >> wow. >> unclear why. >> so many unclear and unanswered questions. sean cane, thanks so much for joining us. still to come: thousands fired. >> where do you go from here? >> you know that's a good question, i think about that every day, i always pray and ask god, what is my new purpose. >> the children caught in the middle. an america tonight special edition for more inside and analysis. >> why did you decide to go... >> it's extremly important for the western audience to know why these people keep on fighting... ...it's so seldom you get that access to the other side. >> faultlines: on the front lines with the taliban then an america tonight: special edition, only on al jazeera america >> a very heated debate over education in new orleans could have
>> there is a big are pool of money that goes to nhtsa. that said, they had all the information in front of them. in fact their own investigators suggested doing investigation in 2007 but for some reason the hire up the chain in the defects office decided against investigating this problem. >> wow. >> unclear why. >> so many unclear and unanswered questions. sean cane, thanks so much for joining us. still to come: thousands fired. >> where do you go from here?...
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>> there is a big are pool of money that goes to nhtsa. that said, they had all the information in front of them. in fact their own investigators suggested doing investigation in 2007 but for some reason the hire up the chain in the defects office decided against investigating this problem. >> wow. >> unclear why. >> so many unclear and unanswered questions. sean cane, thanks so much for joining us. still to come: thousands fired. >> where do you go from here? >> you know that's a good question, i think about that every day, i always pray and ask god, what is my new purpose. >> the children caught in the middle. >> these protestors have decided that today they will be arrested >> these people have chased a president from power, they've torn down a state... >> what's clear is that people don't just need protection, they need assistance. >> a very heated debate over education in new orleans could have ripple effect all across the country. the firing of workers, could get a billion dollars in damage. but there is a lot more to the story. "ame
>> there is a big are pool of money that goes to nhtsa. that said, they had all the information in front of them. in fact their own investigators suggested doing investigation in 2007 but for some reason the hire up the chain in the defects office decided against investigating this problem. >> wow. >> unclear why. >> so many unclear and unanswered questions. sean cane, thanks so much for joining us. still to come: thousands fired. >> where do you go from here?...
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Apr 5, 2014
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whether it's nhtsa being slow to enforce the recall of defective cars, the s.e.c.n wall street, the fda in delaying taking products off the market like vioxx. so here's a thought -- the next time a jury duty notice arrives, instead of thinking about how that service can be avoided, instead consider the power, consider the importance of the civil justice system. think about mr. and mrs. melton. thank you for watching. i'm michael smerconish. i'll see you tomorrow morning at 9:00, regular time. our whole new show will be ready to go. a special report with don lemon starts right now. >>> this is cnn breaking news. >> this is a cnn special report. the mystery of flight 370. i'm don lemon. we have breaking news. at this moment the australian ship ocean shield is towing the u.s. navy's pinger that can detect picks from the plane's data recorders in water as deep as 20,000 feet. the ship will have a travel -- have to travel very slowly at a speed of 1 to 5 knots. but it can search around the box. pas soon as monday.ld go silent 13 planes and 11 ships are out there. but th
whether it's nhtsa being slow to enforce the recall of defective cars, the s.e.c.n wall street, the fda in delaying taking products off the market like vioxx. so here's a thought -- the next time a jury duty notice arrives, instead of thinking about how that service can be avoided, instead consider the power, consider the importance of the civil justice system. think about mr. and mrs. melton. thank you for watching. i'm michael smerconish. i'll see you tomorrow morning at 9:00, regular time....
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nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge in will make a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. we'll >> e- cigarettes are growing at a bus or the poison centers. are they a public threat? we ask don jerry willis.com. 64 percenter not convince. bogdan for the on-line question every weekday. also for that segment is what shocked me i had no idea even small amounts of liquid nicotine could be so dangerous. as an adult if you want to smoke them go for it but keep it from the kids as they go to the poison centers the fda says we don't know how much nicotine or other potentially harmful chemicals are nailed during the use it period to them to stop smoking keeps them away from the kids. coming up on monday we will kick off the week-long user's guide to education the college acceptance letters are being mailed out all over the country but now comes the hard part, financing that is why experts will sought after their tips. think you for joining us to no
nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge in will make a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. we'll >> e- cigarettes are growing at a bus or the poison centers. are they a public threat? we ask don jerry willis.com. 64 percenter not convince. bogdan for the on-line question every weekday. also for that segment is what shocked me i had no...
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the national highway traffic administration or nhtsa. >> there are legitimate questions we need to ask whether ntsa did enough to uncover the problems and missed red flags. >> this is the first of who knew what and what was done about 2.6 faulty g.m. cars now directly linked to 31 crashes and 13 deaths. the recall includes all versions of the chevrolet cobalt and hhr and the solstice and saturn ion. the cars are prone to a problem where the pair bags could switch off involuntarily when the key jiggles, now there is evidence that they did not react immediately when they learned of problems. according to the notes of agency records ntsa decided not to pursue investigation into g.m.'s faulty cars in 200 2007 and 2010 even though it's own investigators found 29 formal complaints. and according to the documents handed over to g.m. they cropped plans to fix the problems because it would have taken too long to solve and cost too much money to repair. instead of issuing a recall, g.m. sent a bulletin to dealers explaining the details. there are documents that shows that they knew in 2001 and 2
the national highway traffic administration or nhtsa. >> there are legitimate questions we need to ask whether ntsa did enough to uncover the problems and missed red flags. >> this is the first of who knew what and what was done about 2.6 faulty g.m. cars now directly linked to 31 crashes and 13 deaths. the recall includes all versions of the chevrolet cobalt and hhr and the solstice and saturn ion. the cars are prone to a problem where the pair bags could switch off involuntarily...
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Apr 2, 2014
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granted, they got 200,000 documents from both nhtsa, the government agency, and gm.ek to go through them. she's been on the job for a few months. it's been over a month since the recall. they just seem to think not that she was personally responsible, but that she was ill prepared to defend the company and explain the company's actions at the hearing. >> when you're ceo, it's your job to know the answers. >>> mark zuckerberg is the writeful creator of facebook, according to a recent ruling by a federal judge. the judge dismissed the lawsuit. he says he's half owner of face. well a judge ruled that contract was a fake. he's awaiting trial on related criminal fraud charges. >>> continue to keep an eye on hp stock. it is trading flat at 33.20. shares in the company hit a 52-week high yesterday after it was announced settlement in that shareholder lawsuit. some investors still upset about hp's decision to spend $1 billion to buy palm, remember that, in order to create a tablet, the company then took off the market after seven weeks. >>> 6:35. on your wednesday morning, t
granted, they got 200,000 documents from both nhtsa, the government agency, and gm.ek to go through them. she's been on the job for a few months. it's been over a month since the recall. they just seem to think not that she was personally responsible, but that she was ill prepared to defend the company and explain the company's actions at the hearing. >> when you're ceo, it's your job to know the answers. >>> mark zuckerberg is the writeful creator of facebook, according to a...
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wasn't a good day for nhtsa, the traffic and safety administration.elphi. all around, not getting the questions answered as they avoided some of the tough questions. it was very, very frustrating for both republicans and democrats on that committee, but they have got to step up and really start answering some questions. >> senator, do you trust that general motors' cars are safe to drive? would you trust your child in one? >> i wouldn't. mary barra said she'd let her son drive one but i certainty wouldn't. to think you have to drive all your cars off your key chain. keep in mind if you hit rough road, if you hit a pothole, same thing could happen. i would not have my children in one of those vehicles. >> well, at the same time i know you have been pretty critical of nhtsa, that is the regulator here for not doing more when it saw issues. so what steps need to be taken now and are you comfortable that you have heard from them a real defense as to why they weren't more proactive on this front years ago? >> i raised a lot of questions in committee, speci
wasn't a good day for nhtsa, the traffic and safety administration.elphi. all around, not getting the questions answered as they avoided some of the tough questions. it was very, very frustrating for both republicans and democrats on that committee, but they have got to step up and really start answering some questions. >> senator, do you trust that general motors' cars are safe to drive? would you trust your child in one? >> i wouldn't. mary barra said she'd let her son drive one...
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nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge inke a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. we'll be right back with my "2 cents more." stay with us. [ female announcer ] who are we? we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. turning dreamers into business owners. why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years.
nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge inke a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. we'll be right back with my "2 cents more." stay with us. [ female announcer ] who are we? we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments...
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nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge in will make a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. okay to drive. we'll so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. gundyes!n group is a go. not just a start up. an upstart. gotta get going. gotta be good. good? good. growth is the goal. how do we do that? i talked to ups. they'll help us out. new technology. smart advice. we focus on the business and they take care of the logistics. ups? good going. we get good. that's great. great. great. great. great. great. great. great. great. (all) great! i love logistics. suddenly you're a mouthbreather. well, put on
nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge in will make a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. okay to drive. we'll so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate...
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nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge inas will make a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. okay to drive. we'll i'm j-a-n-e and i have copd. okay to drive. we'll i'm d-a-v-e and i have copd. i'm k-a-t-e and i have copd, but i don't want my breathing problems to get in the way my volunteering. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. breo won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blo
nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge inas will make a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. okay to drive. we'll i'm j-a-n-e and i have copd. okay to drive. we'll i'm d-a-v-e and i have copd. i'm k-a-t-e and i have copd, but i don't want my breathing problems to get in the way my volunteering. that's why i asked my doctor about b-r-e-o....
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nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge inmake a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. okay to drive. we'll when folks in the lower 48 think about what they get from alaska, they think salmon and energy. but the energy bp produces uhere creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy. but that's just the start. to produce more from existing wells, we need advanced technology. that means hi-tech jobs in california and colorado. the oil moves through one of the world's largest pipelines. maintaining it means manufacturing jobs in the midwest. then we transport it with 4 state-of-the-art, double-hull tankers. some of the safest, most advanced ships in the world: built in san diego with a $1 billion investment. across the united states, bp supports more than a quarter million jobs. and no energy company invests more in the u.s. than bp. when we set up operation in
nhtsa has yet to release a timetable when the information will be made public. >>> a federal judge inmake a decision whether to force gm to tell people to stop driving the recalled cars. gm insists the cars are still okay to drive. okay to drive. we'll when folks in the lower 48 think about what they get from alaska, they think salmon and energy. but the energy bp produces uhere creates something else as well: jobs all over america. thousands of people here in alaska are working to...
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gm had until april 3rd to answer 10questions, david, nhtsa had posted.as been submitting documentation and data but they haven't completely all of the questions. so the fine will grow $7,000 for each day they don't finish the questions. david: it is 10questions. they're pretty involved. they will probably not finish for a while. adam, thank you very much. liz, what is coming up? liz: it won a prize for the best skyscraper. looks like on iconic building. looks like fox business exclusive. >>> apple stores changed retailing landscape forever. you won't believe which is by is taking inspiration from apple now. we'll bring you the story when we take you "off the desk." [ male announr ] how can power consumption in china, impact wool exports from new zealand, textile poduction in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat thei10-year lipper avere. t. rowe price. inest with confidence. request a prospectus or summary p
gm had until april 3rd to answer 10questions, david, nhtsa had posted.as been submitting documentation and data but they haven't completely all of the questions. so the fine will grow $7,000 for each day they don't finish the questions. david: it is 10questions. they're pretty involved. they will probably not finish for a while. adam, thank you very much. liz, what is coming up? liz: it won a prize for the best skyscraper. looks like on iconic building. looks like fox business exclusive....
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nhtsa says they didn't know the air bags wouldn't deploy when the ignition switch is in the accessory position because gm didn't tell them. >> what i believe gm should do is stop lying and i'm here with my husband because we don't want this to happen to another family. >> reporter: gm first noticed a problem in 2001. in march 2005 a gm report says fixes would take too long and cost too much. quote, none of the solutions represents an acceptable business case. four months later, july 29th, 2005, the first death linked to the defect. a 16-year-old killed in a chevy cobalt in maryland. amber rose was laura christian's daughter. >> if they had simply fixed the problem back then none of our children would have died. they are directly responsible for all of these family members and many more who have lost children and countless others who have been in accidents. it's repulsive. >> reporter: the family members asked mary barra to take the recalled vehicles off the road immediately. she told them these cars are still safe to drive. she believes as long as drivers who are in one of these recal
nhtsa says they didn't know the air bags wouldn't deploy when the ignition switch is in the accessory position because gm didn't tell them. >> what i believe gm should do is stop lying and i'm here with my husband because we don't want this to happen to another family. >> reporter: gm first noticed a problem in 2001. in march 2005 a gm report says fixes would take too long and cost too much. quote, none of the solutions represents an acceptable business case. four months later, july...
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102
Apr 15, 2014
04/14
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CNBC
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nhtsa has effectively regulated this business.gs of gm, the congress people were saying, you should have realized gm that there were 135 complaints over ten years. again, in itself in a vacuum that sounds like a lot. nhtsa gets 45,000 complaints a year. a little less than 4,000 a month. over a ten year time frame they get half a million complaints. it's very, very difficult. i believe they do -- i believe nhtsa does a very good job in trying to understand what causes car accidents and in this case, if there were bad actors, if there were engineers or people in the executive suite of gm that knew and hid this issue. they will be dealt with. >> they will, but kyle, part of the weight of the argument against gm is not just the 13 deaths and things that didn't work, but the fact that this went on for over a decade without it being brought to the attention and/or something done about it? i mean that seems to be sort of central to the indictment so to speak public in the public realm of the company. >> look, right now what gm is dealing
nhtsa has effectively regulated this business.gs of gm, the congress people were saying, you should have realized gm that there were 135 complaints over ten years. again, in itself in a vacuum that sounds like a lot. nhtsa gets 45,000 complaints a year. a little less than 4,000 a month. over a ten year time frame they get half a million complaints. it's very, very difficult. i believe they do -- i believe nhtsa does a very good job in trying to understand what causes car accidents and in this...
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157
Apr 2, 2014
04/14
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KICU
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congress is also scrutinizing the national highway traffic safety administration, nhtsa, whose investigators did not see a pattern in chevy cobalts accidents in which air bags did not deploy because electrical power to them had been shut off. "these crashes involved unbelted occupants and off-road crashes that began with relatively small collisions." where air bags are less likely to deploy." despite the investigations and pending lawsuits, g-m stock remained fairly even for the day, closing at 34-dollars, 34- cents a share. "i don't believe gm is going to go below 30 dollars. i think it's a safety play and will hover around that 34 dollar handle." general motors waited several hours before releasing its sales numbers to traders and investors.. blaming a computer glitch. when the numbers were unvieled it showed a 4.1% sales gain at gm. chrysler sales rose 13%, ford sales climbed 3.3%. all three big automakers breezed past expectations as the weather improved. "i think a lot of people with the better weather came out and bought cars that last weekend and it really skyrocketed the total and i
congress is also scrutinizing the national highway traffic safety administration, nhtsa, whose investigators did not see a pattern in chevy cobalts accidents in which air bags did not deploy because electrical power to them had been shut off. "these crashes involved unbelted occupants and off-road crashes that began with relatively small collisions." where air bags are less likely to deploy." despite the investigations and pending lawsuits, g-m stock remained fairly even for the...