more than a decade ago, gm embarq on a small car program.itting in today, i cannot tell you why it took so long for a safety defect be announced for this program. i can tell you that we will find out. situation.extra neri it involves vehicles we no longer make. but it came to light on my watch, so i am responsible for resolving it. when we have answers, we will be fully transparent with you, with our regulators and with our customers. while i cannot turn back the clock, as soon as i learned about the problem, we acted without hesitation. we told the world we had a problem that needed to be fixed. we did so because whatever mistakes were made in the past, jerk from our response abilities now or in the future. today's gm will do the right thing. that begins with my sincere apologies to everyone who has been affected by this recall. especially the families and friends who lost their lives or were injured. i am deeply sorry. i have asked former u.s. attorney anton deluca is to conduct a thorough investigation. i have received updates from him an

more than a decade ago gm embarked on a small car program.ting here today, i can not tell you why it took so long for a safety defect to be announced for this program. but i can tell you we will find out. this is an extraordinary situation. it involves vehicles we no longer make but it came to light on my watch so i'm responsible for resolving it. when we have answers we will be fully stance parent with you, with our regulators, and with our customers. while i can not turn back the clock, as soon ace learned about the problem we acted without hesitation. we told the world we had a problem that needed to be fixed. cheryl: okay. so willed be a about a five-minute opening state, that mary barra, the ceo of general motors. we reported extensively what she is saying. she will apologize for these next few moments and next few sentences. we'll take a quick commercial break. when the qa and begins we will listen to what the committee asks her and listen to answers on recall at gm. "money" will be right back. we asked people a question, how much money

billion more than initially reported and more than the auto maker earned in the same period a year ago. gm's ceo says two engineers are on leave in connection with the recall. why it took more than a decade to disclose the e defect, which is linked to 13 deaths. the company has asked scientists at nasa to determine if it's safe for drivers to use the recalled cars. >>> so the big news, stephen colbert set to take over david letterman's desk when the talk show host retires some time next year. this move front page news everywhere with "usa today" devoting its headline to the comedian. he will drop the comedy central character that has earned him many awards and endeered him to millions over the past nine years. the big question, whether he can lift letterman's flagging ratings. some critics say he's at odds with a wider american audience. >> you care what i think of colbert getting letterman's gig? cbs just declared war on the heartland of america. no longer is comedy going to be a covert assault on traditional american values. it's just wide out in the open. they hired a partisan, so-called

more than a decade ago, gm embarked on a small car program.itting here today, i cannot tell you why it took so long for a safety defect to be announced for this program. but i can tell you we will find out. this is an extraordinary situation. it involves vehicles we no longer make but it came to light on my watch so i am responsible for resolving it. when we have answers, we will be fully transparent with you, with our regulators, and with our customers. while i cannot turn back the clock, as soon as i learned about the problem, we acted without hesitation. we told the world we had a problem that needed to be fixed. we did so because whatever mistakes were made in the past, we will not shirk from our responsibilities now or in the future. today's gm will do the right thing. that begins with my sincere apologies to everyone who has been affected by this recall. especially the families and friends who lost their lives or were injured. i am deeply sorry. i have asked former u.s. attorney anton veluquez to conduct a thorough and unimpeded investig

one month ago gm issued a recall for an ignition switch defect in six vehicles of 1.6 million cars. and last friday they recalled another 900,000 vehicles. gm acknowledges that a dozen people have died in automobile crashes associated with that defect. two were teenagers from my own community. gm's ceo and acting administrator friedman. first step in the quest to find out what went wrong. the committee's purpose the same as it was in 2000. making sure that drivers and families are protected and cars are safe. i'll repeat what i said on firestone tires in 2000. today's hearing is very personal to me because i come from michigan. the auto state. the auto capital of the world. that is no less true today. michigan is proud of its auto industry and while michigan citizens build cars obviously we drive them, too. document pros deuced to the committee show that both nhtsa and gm received complaints about and data about problems with ignition switches and air bags. these complaints go back at least a decade. nhtsa engineers did crash investigations as early as '05 and twice examined whether

one month ago gm issued a recall for an ignition switch defect in six vehicles of 1.6 million cars. and last friday they recalled another 900,000 vehicles. gm acknowledges that a dozen people have died in automobile crashes associated with that defect. two were teenagers from my own community. gm's ceo and acting administrator friedman. first step in the quest to find out what went wrong. the committee's purpose the same as it was in 2000. making sure that drivers and families are protected and cars are safe. i'll repeat what i said on firestone tires in 2000. today's hearing is very personal to me because i come from michigan. the auto state. the auto capital of the world. that is no less true today. michigan is proud of its auto industry and while michigan citizens build cars obviously we drive them, too. document pros deuced to the committee show that both nhtsa and gm received complaints about and data about problems with ignition switches and air bags. these complaints go back at least a decade. nhtsa engineers did crash investigations as early as '05 and twice examined whether

few hours ago gm announced the head of human resources and communications were leaving the company to pursue other interests. john cook truong was named senior vice president of global human resources. -- john cultrone. besides touting his virtues, mary barra also said that his background is invaluable as we create lasting change that puts the customer at the center of how we work and measure ourselves going forward. gm has yet to relay -- announce a replacement for the communications post. they have hired jeff eller come a former director of media affairs in the clinton white recallo help with the crisis. management changes are always expected of new ceos. on mary barra to surround herself with the right people is greater than ever. lex thank you. gm will join the other automakers at the new york auto show beginning this wednesday. that is on bloomberg starting on wednesday. coming up, strong retail sales for the month of march. we will take a closer look at the numbers and find out if retailers can keep up the momentum in the months ahead. stay with us. you are watching "bottom line

ago. ten years, two months. at 2:00 p.m. eastern today, gm'sew ceo is going to have to answer to that massive delay at a hearing on capitol hill. and poppy harlow is live on capitol hill, where the lawmakers and family members, as well, of some of the people who died as a result of that problem are also waiting to see her. so poppy, maybe just give me a little bit about the people who are there now awaiting this meeting and awaiting this hearing. especially those family members. what are they saying? >> reporter: so ashleigh, this is a massive recall. this is really a big test for the new ceo of general motors. she has only been at the helm of this company for about three months. and the family members of victims. people that died. their families say as a result of this ignition switch getting switched off and then the car suddenly halting, air bag not deploying, brakes not working, et cetera. they were here right outside the capitol, holding a big press conference, along with some senators and representatives. saying everything from, you know,

. >> more than a decade ago, gm embarked on a small-car program.today, i cannot tell you why it took so long for a safety defect to be announced for this program. but i can tell you we will find out. this is an extraordinary situation. it involves vehicles we no longer make. but it came to light on my watch. as soon as we ukd -- the senior leadership underthis issue, and that a recall decision had been made, we acted without hesitation. >>> a native american tribe is hoping to set a precedent that may have implications for indigenous people across the west. they want land returned that was seized for mining. >> reporter: from the highway they seem like any other hills, some resemble monumental natural wonders. these are enormous mounds consisting of millions of tons of toxic dust, willfully dumped by mining companies by order of the u.s. government on native american land. the billets of two world wars came from this area. now even the water runs orange here. >> the high led and cad knee um content, and high zinc content, are in the water. >> repor

. >> as far back as 2004, 10 years ago, gm made a track inquiry after it learned of an incident wherehe key moved out of the run condition in a 2005 chevrolet cobalt. is this correct? >> again, you're relating specific incidents that happened -- >> you don't know? >> -- in our entire investigation. >> you don't know about that? and by the way, ma'am, i'm getting this information from the chronology that gm provided to nhtsa. >> right. >> now, throughout the hearing, barra pled ignorance again and again instead deferring to the company's forthcoming internal investigation much to the frustration of lawmakers. >> i do not know the answer to that. i do not know the name of the individual. i do not know that. it is not clear to me. it is not clear to me. i was not aware of this issue. i want to know that as much as you do. i want to know that just as much as you. i'm anxiously awaiting the results from his study. again, i need to get the results of the study. that's why we're doing a full and complete investigation. it's part of our investigation. it's part of the investigation. that is p

. >> more than a decade ago, gm embarked on a small car program. sitting you're today, i cannot tell you why it took so long for safety defect to be announced for this program. and i can tell you we will find out. today's gm will do the right thing. that begins with my sincere apologies to everyone who has been affected i this recall. especially, the families and friends who lost their lives or were injured. i am deeply sorry. >> it has recently emerged general motors misled the victims families, despite knowing of the vehicle's flaws. in her testimony, graybar set for the first time gm is ready to pay compensation and has hired an attorney to handle claims. the lawyer, kenneth feinberg, previously oversaw the compensation funds for 9/11 victims and gulf residents impacted by the dp oil spill. but despite admitting fault, barra had almost no new information to explain how gm repeatedly failed to fix its cars, despite knowing of the defective ignitions. her testimony continues before the senate today. outside of the hearing, family members who lost

more than a decade ago, gm embarked on a small car program.ting here today, i cannot tell you why it took so long for a safety defect to be announced for this program. but i can tell you, we will find out. this is an extraordinary situation. it involves vehicles we no longer make, but it came to light on my watch, so i'm responsible to resolving it. when we have answers, we will be fully transparent with you, with our regulators and with our customers. while i cannot turn back the clock, as soon as i learned about the problem, we acted without hesitation. we told the world we had a problem that needed to be fixed. we did so because whatever mistakes were made in the past, we will not shirk from our responsibilities now or in the future. today's gm will do the right thing. that begins with my sincere apologies to everyone who has been affected by this recall, especially the families and friends who lost their lives or were injured. i am deeply sorry. i've asked former u.s. attorney anton velucas to conduct a thorough an unimpeded investigation

we talked about better-than-expected results, but a year ago, gm made 80% less. >> you can see the impact are having on the perception if you look at analyst estimates. 12 of 14 ellis cut their estimates by 90% and one analyst from barclays was looking for a it actually came out much better than expected. c.t.s. was $.29 versus the final estimate of four cents. the beating by a quarter. on the revenue side, a little lighter, 37 point $4 billion is with a made in sales and we were looking for $37.9 billion. that's a little better than the first quarter of last year. general motors was really focusing on margins at the cost of topline growth. they wanted to make more money, for example the trucks they are selling, they were not willing to reduce the prices even as they have a lot of inventory. >> that should encourage investors will stop >> at the size, where they are as well, looking at margins. it's not just her first few months on the job, the cfo -- listen to what he had to say about their performance. >> if you exclude the impact, earnings were up year-over-year with margins just under

it made just over 1$100 million compared to $100 billion a year ago. gmo. alison kosik in new york for us, thank you so much. >>> that does it for me. i'll see you back here at the same time, same place, friday. meantime, let's go to washington. "the lead" with jake tapper starts right now. >>> the lapses in the flight 370 investigation and the incense tift to the families, you're about to hear the ceo answer to all of it. the man accused of being the true murderers of their loved ones aboard flight 370 get an exclusive. malaysia's leader defends his actions right here on "the lead". >>> plus, he's a nevada rancher. conservatives rushed to his defense but that was before he wondered aloud whether negros had it better under slavery. >>> also, president

than a decade ago, gm embarked on a program and i cannot tell you why it took so long for a safety defect for this program. we will find out. this is an extraordinary situation. it involves vehicles we no longer make create a came to and i ammy watch responsible for. we will be transparent with you and our regulators and our customers. >> matt miller has been following the testimony closely. our lawmakers buying hermia kohl's -- her media mia culpa? >> i don't think they are buying that she had no idea how this happened. continued to express a total lack of knowledge as to anything having to do with this or the investigation. she is trying to not make least, liable, or gm at legally liable for this. everywhere mr. feinberg goes, checks are issued. our checks going to be issued here? >> that seems to be the case. there are a few issues for mary, figuring out why this happen. she's not telling anybody how far she has gotten on that. apologizing for it, which he has done. making up for it. this is the greatest sign that gm is going to pay, regardless of whether or not it is legally liable. b

today's gm is committed to this and i'm ready to take on this assignment. 20 years ago before this hearing an iowa family harmed by another defective vehicle gave me this promotional screwdriver set that they got from their local gm dealer. and if you look at it on the outside, it has a slogan. safety comes first at gm. my question for you, what's changed at gm? isn't it true throughout its corporate history, gm has represented to the driving public that safety has always been their number one priority. >> i can't speak to the statements that were made in the past. all i can tell you is the way we're working now, the training we've done, we've changed our core values, we're leading by example. we're -- one of the process changes we've also made in addition to when the technical community makes their decision about a safety recall or a recall, we are going to be reviewing it. the head of global product development and myself, to see if there's more we want to do -- >> hasn't the core values of general motors always been that safety comes first? >> i've never seen that part before. >> isn't

gm knew of this issue in some capacity over 10 years ago. they change the part but didn't tell anyone. they asked for a taxpayer bailout in the current administration had to step in and restructure the company. through all of this gm was unable to determine that they should pull 2.2 million vehicles off the road. this is why from where i'm sitting gm has a lot of explaining to do both in this committee and the taxpayers. here is the issue for gm. it looks like there are multiple moments in the company face conflicts of interest. you said it yourself yesterday ms. barra. gm has a culture based on costs not safety great many people are wondering if gm did not initiate a recall because gm could not survive one in 2006 or they did not initiate a recall because the government owns 60% of the company. it is possible that gm has an explanation for why it took so long to pull these cars off the road however after yesterday's hearing i'm afraid we are not going to get many answers today. i hope gm is in a position to speak to what happened more specif

accidents but evidence is growing through this investigation that gm could have addressed this long ago. gm knew about this problem as far back as 2001. gm used the switch in vehicles anyway. the committee sent you a letter about this issue and documents were received yesterday that show that these in adequate switches were approved by gm in may of 2002. i have a document here in tab 54 in the binder as well. this document shows that the force required to turn the ignition switch was too low. that specification is clearly marked not okay. does this document show that dm officials were aware that the ignition switch did not meet company standards in 2002. >> if if this was provided to the company english engineers. >> in 2004 they were coming up with ways to fix the problem. this is at tab 8 from 2004 shows that gm did reject alternative designs. it memgss s mentions one year lead times and says the tooling costs and piece prices are too high. it concludes thus none of the solutions represent ares an acceptable business case. other documents present the piece cost increase as 57 cents per un

more than one decade ago gm embarked on a small car program. sitting here today i cannot tell you why it took so long for a safety defect to be announced for this program but we will find out. kisses an extraordinary situation involving vehicles with no longer make but it came to light on my watch so i am responsible for resolving its. when we have answers we will be fully transparent with you, regulators and customers. while i cannot turn back the clock as soon as i learned about the problem we acted without hesitation. we told the world had a problem that needed to be fixed. whatever mistakes were made in the past we will let shirk from our responsibility now or in the future. today's gm will do the right thing. that begins with my sincere apologies to everyone who has been affected by the recall. especially the families and friends who lost their lives or were injured. i am deeply sorry. the vast former u.s. attorney to conduct a thorough and unimpeded investigation of the action of general motors. i have received updates from him and he tel

ago. since february gm has called two-and-a-half million cars. gm was notified of the defect in 2001. before today's hearing families of victims spoke out against the automaker during an emotional news conference. >>> haring reports that apple will produce parts for the next generation iphone next month. the new iphone 6 will have a larger display. three manufacture ers have been chosen and speculation that apple will go with larger screens to match samsung. the new i phones are expected by fall. >>> wall street had missouri news. the nasdaq and s&p was up. construction is on the rise after harsh winter. >>> city council is meeting and expected to vote on a plan declaring a water shortage emergency. such a declaration would allow staff to step up efforts to promote existing conservation programs and authorize officials to have rules for water shortage. >>> disappointing, thanks to the recent storms snow. the field was bare a few days ago. the survey shows 29% water content is normal. frank gerke says in good year we get 8 to ten storms like in a recent one. >> this year we only had tw

ago. we should note gm says it's provided hundreds of thousands of documents in pages.t week. we saw mary barra. she ended up on "saturday night live" as her inability to answer the questions. >> give her a brake. she doesn't know anything about it. >> it's a scandal 101, when you have a scandal, start an internal investigation and refuse to answer questions. >> there were a few valid questions. the guys are still there. they asked her, why don't you call these those people into your office? i'd want to know before waiting the answer. >> has anybody been fired as a result of this? this has been going on for years. >> the government can't talk about firing people. >> wow. >> it's a society-wide issue. people don't get fired for people. >> the government getting out. if they had no knowledge of any of this? >> if the government had a knowledge of this chevy co ballot scandal. >> it dates back to 2001. at the point in which the government owned gm, there was definitely knowledge pence of gm. the question is whether it was transmitted to the u.s. government and what they di

today's gm is committed to this, and i'm ready to take on this assignment. 20 years ago before this hearing and iowa family harmed by another defective gm vehicle gave me this promotional screwdriver set they got from the local gm dealer. and if you look at it, on the outside it has a slogan, safety comes first at gm. so my question for you, and i think the question these families back here wants to know is what's changed at gm? isn't it true that throughout its corporate history gm has represented the driving public safety has always been the number one priority? barra: i cannot speak to statements made in the past, all i can tell you is the way we are working now, we have changed our core values, the decision-making we are leading by example where one of the processes we have made with addition to win the technical community makes their decision about a safety recall or a recall, we will be reviewing it. to see that there is more we want to do. >> hasn't the core values of general manners always been the safety comes first? barra: i've never seen that part before. >> isn't it true that th

. >> more than a decade ago, gm embarked on a small-car program.not tell you why it took so long for a safety defect to be announced for this program. but i can tell you we will find out. this is an extraordinary situation. it involves vehicles we no longer make, but it came to light on my watch, so i'm responsible for resolving it. >> so guys, she's taking responsibility there for solving this problem. we'll see at 10:00 this morning in front of the senate whether she's able to provide any more of these answers or whether gm is going to stick to its strategy from yesterday of citing that internal investigation and saying, hey, until that's done, we can't provide anymore information to you. >> all right. eamon, stick around. jo czech this out. >> gm is intending to replace all the switches for those cars beginning on april 7. is that right? >> we will begin shipping new parts -- >> are you going to put a completely redesigned switch or put the old switches from 2006 into those cars? >> it's going to be a switch that meets the -- >> is it going to b

of vehicles recalled and newer models recalled an comes as nbc news shows a memo that eight years ago gmcustomers and did not tell the government. general motors problems keep growing along with its list of recalled cars. the nation's second biggest automaker is now recalling another 1.3 million vehicles in the u.s. that may experience a sudden loss of electric power steering resulting in a higher risk of a crash. the new list now includes 2004 through '0 malibus and five other gm models and comes assess gm's ceo is apologizing to its customers. >> something went wrong with our process in this instance and terrible things happened. >> reporter: failing to order a recall when it first learned of a serious safety flaw involving the ignition switches. at least 12 deaths are blofed to be -- believed to be linked to the defect these two died after their car lost power and crashed into a tree in 2006. >> this is for our children. these were our children. and they just act like they don't matter. they may not have mattered to gm, but they mattered to us. >> reporter: now the nbc news investigat

a federal safety regulator says gm did not share key information that might have led to a faster recall. this problem was first discovered 13 years agobut there was no recall until this this afternoon gm recalled another 1.3 million vehicles because the electronic power steering assist can suddenly stop working. >>> by may of 2018 all new to h

gm's failure to act in the face of additional death, injuries, and complaints went on and on until just two months ago when it finally started to recall these vehicles. what is almost as enraging as gm's failure to act is the transportation department's fatal defectse from millions of car owners. in 2000 i worked with congressman henry and my other colleagues to create the early warning reporting system to deal with the firestone rollover defects that killed more than 250 people. time for the bush administration to implement our law they acquiesced to gm. i wrote an amendment to require automakers to automatically submit documents like accident reports into the early warning reporting system. that way consumers, safety experts, all of the department of transportation could get early warnings before a date of death passes. the bill passed without those requirements. in 2012, the automakers also opposed another requirement to make more information public that were in the senate's transportation bill. enough is enough. i call upon the automakers and transportation departments to support the bill i introd

more than a decade ago, gm embarked on a small car program.g here today, i cannot tell you why it took so long for safety defects to be announced for this program. i can tell you that we will find out. this is an extraordinary situation. it involves vehicles we no longer make. it came to light on my watch, so i am responsible for resolving it. when we have answers, we will be fully transparent with you, with our regulators, and with our customers. while i cannot turn back the clock, we acted without hesitation. we told the world we had a problem we needed to fix. whatever mistakes were made in the past we will not shirk from our responsibilities now and in the future. we will do the right thing. that begins with my sincere apologies to everyone who has been affected by this recall. especially the families and friends who lost their lives or were injured. i am deeply sorry. >> we have to remember two things, i think. we are there because we were attacked in new york city and 3000 americans were murdered. that is why we went to afghanistan to ge

ought the top of the show about new documents out from gm in response to congressional investigation going on right now, and tonight, moments agoth comments. he, of course, has been talking a lot about this case. he says this -- he goes onto say, gm must correct the public record including ms. barrett's testimony. such evidence indicates a line of inquiry that investigators must pursue vigorously as soon as possible. that was senator richard blumenthal, very critical of gm publicly, and calling for recalls, investigations, comments from him tonight on the new gm documents. this story continues. >>> well onto our user's guide, talking all week about your loved one's college education and how to pay for it. the best way to do that? for filing forms to decoding aid offers. if you missed any of this visit my website, gerri willis.com. don't leave money on the table for college. here with advice on finding the free money is rob franec, senior vice president of publishing at the princeton review and wrote the book the best review of college, which is a good read if you are on the market. >> thank you. gerri: what is the source are in

it might have been the old gm that started sweeping this defect under the rug ten years ago, but even under the new gm banner, the company waited nine months to take action after being confronted with specific evidence of his egregious violation of public trust. >> nbc's gabe gutierrez joins me now, who has been following this investigation for quite some time. i wanted to show you an exchange between connecticut senator blumenthal and mary barra about whether she would permit her own kids to drive in the cobalt. >> is that cobalt car, as driven now, safe for your daughters to drive? would you allow them to drive? >> i would allow my son and daughter -- well, my son, because he's the only one eligible to drive. if he only had the ignition key. >> the question is whether or not the ignition key, if there's another attachment, a tag of some sort. as almost all of us do with our car keys, whether that extra weight would pull it down, with the original defect cause the ignition to go off. >> well, andrea, ceo mary barra has been very careful on how she's answered this. in facing quite a g

email that shows multiple gm executives including laurie queen the vehicle line executive in charge of the cobalt knew an ignition switch could have been fixed nine years ago. family members of victims are outraged that gm waited so long to take action. they want more than an apology and some are demanding the automaker pull all cobalts off the road for good. >> gm may be looking at ways to compensate victims. it has hired the lawyer who created compensation plans for victims of 9/11, the boston marathon bombing and the bp oil spill. >>> developing news at this hour. 29 people are now confirmed dead in that washington state mud slide as floodwaters finally recede we are getting a better look now at the devastation that covers nearly 300 acres there. the mud and debris are 750 feet deep in some places, only about 5% of it completely searched so far. 600 people, some using cadaver dogs, are involved in the search. >>> mountain view is taking the first step towards saving water during the drought. the city council unanimously approved a stage one declaration. that means more education about conservation. residents cannot leave hoses running when they wash car

but, you know, a lot of the problems you were just talking about, they relate to a gm from anywhere from 5 to 12 years agod it was a different story back then. >> a guy like me would not go on that word. we would say until they sort out its nonsense let's go for something else. the mazda three makes it on to the list. do you like this one? >> i like it a lot. the looks, the fuel efficiency, the interior design and interface, this is a really well executed vehicle from mazda. >> i like the nissan suvs. the rogue gets a top safety pick plus as well. >> i think the car appeals to a fairly brood audience. it definitely has a look that is distinctive. and it is very well packaged in terms of the amount of space inside while still being relatively small outside meaning it is small to drive and park. >> think highlander also makes the cut. do you like this one? >> yeah, the highlander has been a stall ward for the toyota brand for a long time now. it is a little bigger, but still car-like to drive and very safe. >> and the honda odyssey, i almost feel like getting kids so i can get one of these things. >> one of

but in their capacity in dealing with this, when gm made the evaluation that it would be too expensive to fix the ignition problems about 10 or so years ago, and in doing so, she took a shot at the old gm. >> so when gm concluded, you heard in my opening statement, that the tooling costs and price piece are too high what does that mean? >> i find that statement to be very disturbing as we do this investigation and understanding it in the context of the whole timeline. if that was the reason this decision was made, that is unacceptable. that is not the way we do business in today's gm. >> she said the old gm was one of a cost culture. she says now the gm that she oversees is one of a consumer culture and a safety culture. talk about what ken feinberg has done, she announced at hearing that the company will be hiring, ken feinberg. they have their first meeting on friday. she wouldn't even commit to say there is even a victim's compensation fund. ken feinberg is well-known for administering the 9/11's victims compensation fund, boston bombings and those affected by the gulf oil spill. gm not committing to setting money aside here. they're e

ago. there was the old gm. now, they are the new post-bankruptcy gm.he problem is that today's testimony, you didn't get answers, adam, that suggested that they were coming clean or they knew everything. part of it is because mary barra is a new ceo at gm. they submitted 200,000 documents to congress. she is not familiar with some of them. she is not new to general motor. she has been there for 34 years. it's the only job she's ever had. so the image problem with general motor is, is mary barra, the first woman to ever lead a major automobile maker part of the new gm or the old gm because the old gm seems to be a bit of a problem. >> how do you think she did sitting in the hot seat? >> i don't think she did well at all. i think there was a lot of "i didn't know that." there was a lot of "i'm disturbed by these allegations" when she came out of the session, there were some reporters there who asked her questions i think she could have been able to answer and she kept on saying, that's why we've hired tony velukus. i looked him up, and he runs a major la

gm began recalling vehicles over this ignition defect. that was followed by an expanded recall in february and another just days ago covering all model yearsor a total of nearly 2.2 million vehicles in the u.s. and 2.6 million worldwide. just moments from now, newly installed general motors ceo, mary barra, will publicly apologize for her company and for decisions made by her predecessors. including the alleged rejection of several proposed fixes, all at a time when the company was falling into a financial hole that culminated in a record bankruptcy filing and an epic government bailout. later, as company sales began to recover, it appears gm was still protecting its bottom line instead of its customers. gm is doing an internal investigation and promises to be open with the public on its findings. no matter what the reality is, the perception of those cold calculations are the legacy mary barra will have to answer for. on monday she met with victims' families who stood beside lawmakers this morning asking for answers. >> it is clear that gm is only concerned with their bottom line and not the safety of our loved ones. >> our daughters, son

ago. owners of the six gm models involved can make appointments to bring their cars into dealerships for repairs starting today. and in many cases, gm has reached out to those people with a letter and also telling them what time and what day they can start talking about making an appointment. >> that is big news. and this is big news, also, breaking overnight. >>> mickey rooney, legendary star of stage and screen, has died. rooney had been in poor health for some time. he had one of the longest show business careers ever, first starring as a teenager in andy hardy movies. in all, he appeared in more than 200 films during a career that spanned 80 years. mickey rooney was 93 years old. you know, i saw "black stallion" with my boys a few months ago, and i remember thinking, mickey rooney's a really good actor! >> he is. then he was in "night at the museum." >> but he was great in that! >> i know! >> each in that, in a small, cheesy role, you could tell this guy had so much talent. >> and was having fun in a career that spanned so long. >> 80 years. >> i love that so many generations are familiar wi

>> you responded to a question and told us that you were going to run gm differently than it has been run in the past. 20 years agoefore this hearing, an iowa family harmed by another defective gm vehicle gave me this promotional screwdriver set. on the outside, it has a slogan. "safety comes first at gm." so, my question for you and i think the question these families want to know is what has changed at gm? isn't it true that throughout its corporate history, gm has represented to the driving public that safety has always been their number one priority? >> i cannot speak to the statements that were made in the past. all i can tell you is the way we are working now, the training we have done, we have changed our core values. we are leading by example. one of the process changes we have also made is in addition to win the technical community makes their decisions about a safety recall, we are going to be reviewing at. we have the head of global product development and myself to see if there is more we want to do. >> have the core values of general motors always been that safety comes first? >> i have never seen tha

gm? >> we have filed a lawsuit. i think it was filed about two weeks ago.ck in response to a question from democratic senator blumenthal of connecticut, mary barra says she would allow her if to drive a chevy cobalt he only had the ignition key. >> the testing that has been done has been on our proving ground that has extensive capability where the vehicle would be jarred and with just the keyword the key in the ring, it has performed. >> is it your testimony today those cars are a safe as any other car on the road today? again, as you look across all the safety technology that is on vehicles from the past to present, there is variation aced on the technology on cars today. there is variation with across the whole population. as driven cobalt car now, save for your daughters to drive? if my son only had the ignition key, i would allow him to drive it. >> that was gm ceo mary barra being questioned by senator blumenthal of connecticut. i want to bring in joan claybrook to the conversation, former head of the national highway traffic safety administration. ag

gm's bottom line. the auto giant reports this morning profits fell 86% in the first three months of 2014 compared to last year. it's the worst result since the company left bankruptcy five years agohis morning. a study in the journal of the american heart association suggests that young and middle-age adult who is smoke pot could be putting themselves at heart-related complications, even death. cbs news medical contributor is a cardiologist at lennoxville hospital in new york and joins us at the table. a lot of people are looking at you going what you talking act, willis? we'd like to know how the study was done and what did they find. >> this is a study that took place in france. basically they looked at patient who is had reported serious cardiovascular events, and they looked at those patient who is had reported using marijuana in the setting of the prior year. what they found is between 2006 and 2010 there were 35 cases of serious cardiovascular events 20 of which were heart attacks, several other were strokes. they primarily occurred in young males around the age of 30 and 25% of these cases resulted in death. so these sound like very big statistics. but overall the case num

. >> gm's failure to act went on and on until just two months ago when it finally started to recall these vehicles. >> reporter: since barra took over gm in january, the automaker has recalled nearly 2.6 million vehicles because their ignition switches could turn off unexpectedly shutting down the car, disabling the power steering, air bags and brakes. lawmakers pressed barra on why the company decided for nearly a decade that fixing the ignition was too expensive. >> documents provided by gm show that this unacceptable cost increase was only 57 cents. >> we apologize for what has happened, and we are doing a full investigation. >> reporter: small comfort for the families of the victims who also testified. >> our daughters, sons, sisters, brothers, mothers, fathers, wives and husbands are gone because they were a cost of doing business gm style. >> reporter: now, officials at gm say engineering tests show the vehicle is safe, but they're still offering free loaner and rental cars to drivers who are not comfortable with the chevy cobalt. diana. >> all right, abc's susan saulny live for us

ago. we are also looking at gm. off eller was director affairs at the white house and has been called to guide the islamic -- the automaker's response to the recall. we will have more on the markets in 30 minutes. the secondback to half-hour of "bottom line" on bloomberg television. let's check some of the top stories we are following at this hour. an investigation is underway into last night's deadly shooting at fort hood in texas. killed threean soldiers and wounded 16 others before fatally shooting himself. the soldier, according to officials, served four months in iraq in 111 and was being evaluated for posttraumatic stress disorder. military officials say this appeared to be a personal dispute unrelated to terrorism. fort hood, the scene of a similar shooting back in 2009. 's farl residents of chile north spent a second sleepless night outside their homes. a major aftershock rattled the area, a day after an earlier age point to magnitude earthquake -- 8.2 magnitude earthquake left seven people dead. 's emergenc