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Aug 24, 2014
08/14
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general motors victims compensation finder. he does fight on when a families will be compensated and how much they will receive for their loss. the section of the hearing is 50 minutes. >> today, we revisit the tragic at generalfailures motors that killed people. first, i want to acknowledge in my opening remarks that from my viewpoint, the ceo of general up and withtepped kurdish and conviction has confronted head-on the problem thathe corporate culture caused it. some see the record number of recalls at gm as a problem. i see it as a good sign. second, i want to briefly say that i think i speak on behalf of all members of congress who have asked very difficult surrounding these tragic events, that while we are asking tough questions, we have great respect for the workers of general motors. i would like to take this moment to thank the workers at general motors. you are terrific, you build the cars, and you also were the victims of outrageously incompetent management. management was the problem here, not the workers. the valuk
general motors victims compensation finder. he does fight on when a families will be compensated and how much they will receive for their loss. the section of the hearing is 50 minutes. >> today, we revisit the tragic at generalfailures motors that killed people. first, i want to acknowledge in my opening remarks that from my viewpoint, the ceo of general up and withtepped kurdish and conviction has confronted head-on the problem thathe corporate culture caused it. some see the record...
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Aug 20, 2014
08/14
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>> at a general level, general motors is responsible for general motors parts numbers. >> ok. >> but again that's part of the investigation to understand how that happened. >> ok. does that seem inconceiveable to you? >> yes. it is an inconceiveable. it is not our process. and it is not acceptable. >> ok. i would think that it probably is not. have you asked delfi if you can have access to their documentation and their e-mail chain dealing with this issue? >> i have not. and again mr. velucas will go as the investigation takes him to get the information that he needs to make a complete and accurate accounting of what happened. >> my time has expired. thank you mr. chairman. i yield back. >> just clarification ms. blackburn. we have asked for that e-mail chain from delfi and we will let you know when we get that. we now recognize chairman emeritus of the committee mr. dingell for five minutes. >> mr. chairman, i thank you for your courtesy. i begin by telling the families of those who were injured or killed by the defective general motors vehicles they have our sympathy and we believe
>> at a general level, general motors is responsible for general motors parts numbers. >> ok. >> but again that's part of the investigation to understand how that happened. >> ok. does that seem inconceiveable to you? >> yes. it is an inconceiveable. it is not our process. and it is not acceptable. >> ok. i would think that it probably is not. have you asked delfi if you can have access to their documentation and their e-mail chain dealing with this issue?...
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Aug 20, 2014
08/14
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which could be millions of dollars for corporation the size of general motors. factclark authority was in general counsel for north america. in april 2013, almost the same time you had the bombshell dropped on you in the definition -- in that deposition , showing the switches had been switched out, the part had been change, once again you are warned about punitive damages. . >> as a company, that is correct. >> see you have a legal obligation -- legal obligation to report it to the securities and exchange commission. did you ever do that about this issue? andhe issue of this product the problems surrounding it, have you ever reported to the sec? .ot your legal department your legal department knew it. >> am talking about from the time i knew forward and excluding that, before that, no week have not. subsequent to that we may have made a filing with the sec about the ignition switch recall, that is correct every >> what about the legal obligation to inform the board of directors. or they were that your lagers retailing you this car was going to cause you to to dam
which could be millions of dollars for corporation the size of general motors. factclark authority was in general counsel for north america. in april 2013, almost the same time you had the bombshell dropped on you in the definition -- in that deposition , showing the switches had been switched out, the part had been change, once again you are warned about punitive damages. . >> as a company, that is correct. >> see you have a legal obligation -- legal obligation to report it to the...
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Aug 20, 2014
08/14
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>> at a general level, general motors is responsible for general motors parts numbers. >> ok. >> but again that's part of the investigation to understand how that happened. >> ok. does that seem inconceiveable to you? >> yes. it is an inconceiveable. it is not our process. and it is not acceptable. >> ok. i would think that it probably is not. have you asked delfi if you can have access to their documentation and their e-mail chain dealing with this issue? >> i have not. and again mr. velucas will go as the investigation takes him to get the information that he needs to make a complete and accurate accounting of what happened. >> my time has expired. thank you mr. chairman. i yield back. >> just clarification ms. blackburn. we have asked for that e-mail chain from delfi and we will let you know when we get that. we now recognize chairman emeritus of the committee mr. dingell for five minutes. >> mr. chairman, i thank you for your courtesy. i begin by telling the families of those who were injured or killed by the defective general motors vehicles they have our sympathy and we believe
>> at a general level, general motors is responsible for general motors parts numbers. >> ok. >> but again that's part of the investigation to understand how that happened. >> ok. does that seem inconceiveable to you? >> yes. it is an inconceiveable. it is not our process. and it is not acceptable. >> ok. i would think that it probably is not. have you asked delfi if you can have access to their documentation and their e-mail chain dealing with this issue?...
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Aug 24, 2014
08/14
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which could be millions of dollars for corporation the size of general motors. factclark authority was in general counsel for north america. in april 2013, almost the same time you had the bombshell dropped on you in the definition -- in that deposition , showing the switches had been switched out, the part had been change, once again you are warned about punitive damages. . >> as a company, that is correct. >> see you have a legal obligation -- legal obligation to report it to the securities and exchange commission. did you ever do that about this issue? andhe issue of this product the problems surrounding it, have you ever reported to the sec? .ot your legal department your legal department knew it. >> am talking about from the time i knew forward and excluding that, before that, no week have not. subsequent to that we may have made a filing with the sec about the ignition switch recall, that is correct every >> what about the legal obligation to inform the board of directors. or they were that your lagers retailing you this car was going to cause you to to dam
which could be millions of dollars for corporation the size of general motors. factclark authority was in general counsel for north america. in april 2013, almost the same time you had the bombshell dropped on you in the definition -- in that deposition , showing the switches had been switched out, the part had been change, once again you are warned about punitive damages. . >> as a company, that is correct. >> see you have a legal obligation -- legal obligation to report it to the...
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Aug 24, 2014
08/14
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i asked general motors, what are the vehicles? what is the definition of an eligible vehicle that could give rise to a valid claim? this was their response, which is reflected expressly in the protocol. >> if the airbags did not deploy but should have, if there is any evidence that the seat else pretension ours worked as designed, under your protocol, the victim is not eligible? >> that is right here at the victim is not eligible if the power was on and the airbag did deploy. if the airbag deployed and the seatbelts were working, then a fortiori, the likelihood that the ignition switch could have been in the off position causing the accident is not possible. we concluded and i concluded that if that deployment renders the claim in eligible. airbag non-deployment or a claim in which the victim or his or her family say, we don't know whether the airbag deployed or not, eligible. filed a claim, and we will work with the claimant in that regard. >> if the airbag did not deploy, you are eligible if you are in one of the cars on the lis
i asked general motors, what are the vehicles? what is the definition of an eligible vehicle that could give rise to a valid claim? this was their response, which is reflected expressly in the protocol. >> if the airbags did not deploy but should have, if there is any evidence that the seat else pretension ours worked as designed, under your protocol, the victim is not eligible? >> that is right here at the victim is not eligible if the power was on and the airbag did deploy. if the...
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Aug 24, 2014
08/14
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we are also investigating whether general motors met its responsibility. we williled to do so, hold general motors accountable as we have in other cases over the last five years that have led to record fines on automakers. a and the at miss department, we have already begun our review of our actions to address potential defects. today, i will share what i have learned so far. nhtsa used consumer complaints and early warning data, three special crash investigations on the cobalt, industry website and agency expertise on airbag technology. some of that information did raise concerns about airbag non-deployment. in 2007, we convened an expert panel. our consumer data show that neither the cobalt nor the ion stood out when compared to other vehicles. the two special crash investigation reports we reviewed at the time were inconclusive on the cause of non-deployment. the reports noted that the airbags did not employ and the power mode was in -- was an accessory. power mode was an accessory. occupants and off-road conditions that began with relatively small cond
we are also investigating whether general motors met its responsibility. we williled to do so, hold general motors accountable as we have in other cases over the last five years that have led to record fines on automakers. a and the at miss department, we have already begun our review of our actions to address potential defects. today, i will share what i have learned so far. nhtsa used consumer complaints and early warning data, three special crash investigations on the cobalt, industry...
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Aug 20, 2014
08/14
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which could be millions of dollars for corporation the size of general motors. factclark authority was in general counsel for north america. in april 2013, almost the same time you had the bombshell dropped on you in the definition -- in that deposition , showing the switches had been switched out, the part had been change, once again you are warned about punitive damages. . >> as a company, that is correct. >> see you have a legal obligation -- legal obligation to report it to the securities and exchange commission. did you ever do that about this issue? andhe issue of this product the problems surrounding it, have you ever reported to the sec? .ot your legal department your legal department knew it. >> am talking about from the time i knew forward and excluding that, before that, no week have not. subsequent to that we may have made a filing with the sec about the ignition switch recall, that is correct every >> what about the legal obligation to inform the board of directors. or they were that your lagers retailing you this car was going to cause you to to dam
which could be millions of dollars for corporation the size of general motors. factclark authority was in general counsel for north america. in april 2013, almost the same time you had the bombshell dropped on you in the definition -- in that deposition , showing the switches had been switched out, the part had been change, once again you are warned about punitive damages. . >> as a company, that is correct. >> see you have a legal obligation -- legal obligation to report it to the...
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Aug 1, 2014
08/14
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ALJAZAM
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probably a very good move for general motors.l me what you think happens now. >> so, people were able to apply as early as today, and folks were expecting hundreds of applications today. in fact, mr. feinberg said that he thinks that the next three months are when people will apply and then there will be a bubble at the end in disease. one o--in december. one of the things about this, if you apply and considered complete you can get your compensation between 90 to 180 days. we could see the first payouts coming by the end of the year. >> general motors would like people--when i said that general motors is encouraging people who think they have a claim to make that claim, they want those claims in this fund because every claim they pay out interest there means that it's not a claim they can be sued for in court. >> that's right. so if you agree to accept the check from the fund, you give up your right to sue general motors later on. one of the things that attorneys are doing is telling people to apply, that gives them an idea of t
probably a very good move for general motors.l me what you think happens now. >> so, people were able to apply as early as today, and folks were expecting hundreds of applications today. in fact, mr. feinberg said that he thinks that the next three months are when people will apply and then there will be a bubble at the end in disease. one o--in december. one of the things about this, if you apply and considered complete you can get your compensation between 90 to 180 days. we could see...
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Aug 24, 2014
08/14
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my name is mary barra and i'm the chief executive officer of general motors. i appreciate the opportunity to be here today. more than a decade ago, gm embarked on a small car program.
my name is mary barra and i'm the chief executive officer of general motors. i appreciate the opportunity to be here today. more than a decade ago, gm embarked on a small car program.
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Aug 20, 2014
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on gm recalls begins with general motors ceo mary barra. in april, she testified where she apologized to the victims families for the deaths caused by the faulty ignition switches. this is about 50 minutes. >> you are now under oath. you may now give a five-minute summary of your written statement. >> thank you, mr. chairman. can you hear me? ok. my name is mary barra and i am the chief executive officer of general motors. i appreciate the opportunity to be here today. more than a 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. it took so lor a safety defect to be announced for this program. but i can tell you that we will find out. this is an extraordinary situation. it involves vehicles that we no longer make. 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
on gm recalls begins with general motors ceo mary barra. in april, she testified where she apologized to the victims families for the deaths caused by the faulty ignition switches. this is about 50 minutes. >> you are now under oath. you may now give a five-minute summary of your written statement. >> thank you, mr. chairman. can you hear me? ok. my name is mary barra and i am the chief executive officer of general motors. i appreciate the opportunity to be here today. more than a...
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Aug 4, 2014
08/14
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KQED
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it is the american business general motors. the director tells me this this has been good grilling threefold in the last 10 years. >> you can set up an operation here. our financial institutions are solid if you are looking for banking support and services, you can find all the products you would find in developed economies. >> even as general motors was hit by recent crisis, this plant in africa continue to make profits. africa has challenges like instability and insecurity. despite of challenges, the general manager -- the general motors plant continues to make profit. in kenya, they have grown by 40% over the last few years. even the newer, smaller entrants into the canyon market are also doing well. in three years, the company has grown from three pioneers to 45. >> 95% of the world's businesses are still run on cash. we said how do we get more businesses in emerging markets to move away from cash. the first place we looked was kenya because of the massive adoption of mobile money systems. >> china remains kenya's top inves
it is the american business general motors. the director tells me this this has been good grilling threefold in the last 10 years. >> you can set up an operation here. our financial institutions are solid if you are looking for banking support and services, you can find all the products you would find in developed economies. >> even as general motors was hit by recent crisis, this plant in africa continue to make profits. africa has challenges like instability and insecurity....
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Aug 2, 2014
08/14
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automaker general motors for its recalled calls are accepting claims. the question is were all those claiming against general motors will be accepted. >> she claims they are brother was killed by the gm problems. but gm said it's not to blame. and under the terms of the compensation problem only crashes in which the airbag did not deploy are eligible for compensation. for a decade g.m.'s claim that a heavy key chain could jog off power. documents show that g.m. cars were still controllable as the engine can be restarted after shifting to neutral. that's what this mother feels after her son's crash. he managed to switch the car back on only to be hit by an oncoming vehicle. >> i can see that he would have tried to turn that vehicle on or shifted or do something. >> but g.m. says? >> g.m. says no. but also think about who is saying that. the people who hid this for a decade. you know, how credible are they? >> reporter: they will pay it, but there are already doubts about the funds announced a month ago, not only eligibility but burden of proof for victim
automaker general motors for its recalled calls are accepting claims. the question is were all those claiming against general motors will be accepted. >> she claims they are brother was killed by the gm problems. but gm said it's not to blame. and under the terms of the compensation problem only crashes in which the airbag did not deploy are eligible for compensation. for a decade g.m.'s claim that a heavy key chain could jog off power. documents show that g.m. cars were still...
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Aug 4, 2014
08/14
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BLOOMBERG
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it has been a summer to forget for mary barra and her team at general motors. ws broke over the weekend of a deadly explosion at a gm supplier factory in china. here at home, it was revealed a website designed to help gm motors check the status of vehicles was defective. what can mary barra do to turn gm's look around? what can she do at this point? >> in the case of a tragic accident in china, there is nothing gm can do. quite frankly, gm does not have a direct link to this factory. it was a warehouse that held equipment in order to polish and plate wheels, aluminum wheels that gm gets through another supplier. supplied or polished the wheels for diecast oh, and then die costal sold them on to general motors. sparks in a dusty room ignited flammable substances, killing at people. it is an industrial accident that is more a problem of the chinese .overnment they're willing to help out in any way they can. that said, they have had issues, and it is not looking to get any better. keepthough the sales increasing, mary barra will have to keep doing her job. her busi
it has been a summer to forget for mary barra and her team at general motors. ws broke over the weekend of a deadly explosion at a gm supplier factory in china. here at home, it was revealed a website designed to help gm motors check the status of vehicles was defective. what can mary barra do to turn gm's look around? what can she do at this point? >> in the case of a tragic accident in china, there is nothing gm can do. quite frankly, gm does not have a direct link to this factory. it...
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we reached out to general motors directly.ells news 4 in a statement that customer advisory letters will be mailed this month, and the second letter will be sent when parts are available in the fourth quarter. this is not a drivability issue if the recall itself presented while driving. there would be ample time to pull over. we'll tell you more about the gm recalls on our website because there are so many of them. just head to nbc washington.com and search recall. >> erica, thanks. >>> if are you trying to save some money, fly out of bwi thoroughgood marshall airport more often. the average is $329. only 16 airports in the country have cheaper flights than bwi marshall. the average fair at dulles is nearly $500. that's the second highest in the country. reagan national airport, the average fare there with $384. the national transportation agency says it was cheaper to fly today than 14 years ago. >>> he has been a witness to history and a career spanning more than two decades. while you may not know his name, you know his wor
we reached out to general motors directly.ells news 4 in a statement that customer advisory letters will be mailed this month, and the second letter will be sent when parts are available in the fourth quarter. this is not a drivability issue if the recall itself presented while driving. there would be ample time to pull over. we'll tell you more about the gm recalls on our website because there are so many of them. just head to nbc washington.com and search recall. >> erica, thanks....
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Aug 2, 2014
08/14
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will general motors pay for accidents caused by faulty ignition switches? >>> plus some plans for buildings have some saying their ancestors will be turning in their graves. we go to the common wealth games. ♪ i voted for culture... ...with a 'k.' how are you? i voted for plausible deniability. i didn't kill her, david. and i voted for decisive military action. ♪ america, you cast your votes. now, go to xfinity on demand and select the people's hotlist to see this summer's top 100 shows and movies. i voted! >> the death toll could be much higher than anyone known. >> posing as a buyer... >> ...people ready then... >> mr. president >> who should answer for those people . >> the 72 hour cease-fire between israel and hamas fell >> the 72 hour cease-fire between israel and hamas fell about 70 hours short. the two sides blame each other for the continuing fighting and dying. that's the inside story. >> hello, i'm ray suarez. it was thursday evening eastern time in the united states when the news broke friday morning would begin a three-day cease-fire between isr
will general motors pay for accidents caused by faulty ignition switches? >>> plus some plans for buildings have some saying their ancestors will be turning in their graves. we go to the common wealth games. ♪ i voted for culture... ...with a 'k.' how are you? i voted for plausible deniability. i didn't kill her, david. and i voted for decisive military action. ♪ america, you cast your votes. now, go to xfinity on demand and select the people's hotlist to see this summer's top 100...
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Aug 2, 2014
08/14
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giant general motors for recalled cars have begun accepting claims. the question is how many will be compensated. >> reporter: he says general motors killed her brother on this road. >> the airbag did deploy. it did. but there is several other accidents where airbags have deployed. >> reporter: g.m. argues because the chevy cobalt was on and deployed the air bag, they were not to claim. >> reporter: for a decade, g.m.'g.m. claimed a heavy key chain could turn off the power although it did not call a recall. that's what this woman believes happened before her son's crash. >> i could see that he would have tried to turn that vehicle on or flip it or do something. >> g.m. says? >> g.m. says no. but also think about who is saying that. the people who hid this for a decade. you know, how credible are they? >> reporter: they will pay it. but there are already doubts about the funds announced a month ago, not just the terms of eligibility but burden of proof. g.m. expects to pay out a total of $600 million an. >> i know i lost my son because of their greedin
giant general motors for recalled cars have begun accepting claims. the question is how many will be compensated. >> reporter: he says general motors killed her brother on this road. >> the airbag did deploy. it did. but there is several other accidents where airbags have deployed. >> reporter: g.m. argues because the chevy cobalt was on and deployed the air bag, they were not to claim. >> reporter: for a decade, g.m.'g.m. claimed a heavy key chain could turn off the...
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Aug 8, 2014
08/14
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FOXNEWSW
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another story we are watching today is general motors. they are recalling a group of older suv's in three years to fix power window switches that can catch fire if water gets into the driver slide control switch. it includes older trail a blazers envoys. they warn to park them outside until they are fixed. those parts won't be in until october to do the fixes. they are telling dealers to stop selling these cars. >> sounds a little scary. >> the time is 13 minutes after the top of the hour. coming up first it was the irs and now another top official says she lost key e-mails about the most botched program. >> the stowaway is at it again. >> they would begin to watch for me. >> less than 24-hours later she is arrested again. arching with ♪ ♪for a snack that isn't lame ♪but this... ♪takes my breath away if you suffer from constipation, you will likely also suffer from gas. introducing new dulcogas, which starts working to eliminate gas bubbles in minutes for effective relief. dulcogas, from the makers of dulcolax- nothing relieves gas faster
another story we are watching today is general motors. they are recalling a group of older suv's in three years to fix power window switches that can catch fire if water gets into the driver slide control switch. it includes older trail a blazers envoys. they warn to park them outside until they are fixed. those parts won't be in until october to do the fixes. they are telling dealers to stop selling these cars. >> sounds a little scary. >> the time is 13 minutes after the top of...
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Aug 29, 2014
08/14
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FBC
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neil: i can't top neil: could general motors be in deeper trouble than we thought. 13 deaths linked to that flaw, but ken fienberg received over 100 death claims, he is in charge of the -- at gm, and how they will be parceled out, what do you make of it. >> speculation, there were 100 filed. 107 death claims, 220 physical injuries, they are filings, we're now going through the claims to determine whether they are eligible, they can document their damage, and how much they should be paid if they can. neil: all right, so, do you think with -- whether a hundred is debate. but it will be more than 13 deaths attributeed to this defect? >> i'll be able to answer that question in the next 2 or 3 weeks. as we now go through all of the filings, neil, it was an accident of course. but did the ignition switch defect, cause that accident? and now lawyers and claimants are submitting claims with documenting a with maintenance records, and black box data. photos of the automobiles. we'll make those decisions right now, in the next few weeks. >> a dumb question on my part, if the deaths are attribute
neil: i can't top neil: could general motors be in deeper trouble than we thought. 13 deaths linked to that flaw, but ken fienberg received over 100 death claims, he is in charge of the -- at gm, and how they will be parceled out, what do you make of it. >> speculation, there were 100 filed. 107 death claims, 220 physical injuries, they are filings, we're now going through the claims to determine whether they are eligible, they can document their damage, and how much they should be paid...
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Aug 1, 2014
08/14
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. >> and victims of 40 general motors ignition switches can now file a claim for compensation.e talked to the man controlling the funds. welcome to our viewers on public television in america and also around the globe. israel tonight has warned of using crushing force in gaza after the collapse of a humanitarian cease-fire just hours after it began. both sides are blaming each other for the collapse, and an israeli soldier was reportedly captured by palestinian the fighting resumed. more on the search for him in a moment, but we start with the -- we start in gaza city. >> there has been little to cheer in almost a month, but today, gaza woke to news of a cease-fire. and theyfell silent, cautiously walked back to their homes. this is what they found -- whole neighborhoods gutted. israel says it is self-defense against a terrorist that -- threat. people have come to quickly collect what they can salvage, but fear is never far away. gunshots ring out in the distance. her husband is in the other room -- what is left of it. here.ple used to live the homes lie close to the border. is
. >> and victims of 40 general motors ignition switches can now file a claim for compensation.e talked to the man controlling the funds. welcome to our viewers on public television in america and also around the globe. israel tonight has warned of using crushing force in gaza after the collapse of a humanitarian cease-fire just hours after it began. both sides are blaming each other for the collapse, and an israeli soldier was reportedly captured by palestinian the fighting resumed. more...
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Aug 6, 2014
08/14
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WHYY
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narrator: corporate funding for this program was provided by general motors. major funding was provided by the pew charitable trusts; investing in ideas, returning results. the connecticut office of tourism. connecticut, where you can still see what mark twain fell in love with. the arthur vining davis foundations, dedicated to strengthening america's future through education. the park foundation, dedicated to education and quality television. by the corporation for public broadcasting and the generous contributions to this pbs station from viewers like you. thank you. [captioning made possible by general motors] man as twain: "i think we never become really and genuinely our entire and honest selves until we are dead--and not then ti
narrator: corporate funding for this program was provided by general motors. major funding was provided by the pew charitable trusts; investing in ideas, returning results. the connecticut office of tourism. connecticut, where you can still see what mark twain fell in love with. the arthur vining davis foundations, dedicated to strengthening america's future through education. the park foundation, dedicated to education and quality television. by the corporation for public broadcasting and the...
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Aug 17, 2014
08/14
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ALJAZAM
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a dreary day at general motors in warren, michigan gave me a dose of reality to test drive the v2v. > a drive, when you can't see the road you edge forward. i'll do what i would naturally do - edging forward. [ beeping ] coming. >> that's an advantage of v2 v. it works if you driver can't see approaching vehicles. >> reporter: general motors is one of nine major car-makers working together to make v2v a reality, an unusual teaming in a normally competitive industry. >> my car and a g.m. vehicle needs to take to a toyota or ford or hyundai. and they need to send the same message. it can't happen if we develop this separately. >> reporter: john had a hand in building g.m.'s current crash avoidance system. alert systems exist in higherened cars. what is -- higher end cars. what is different about v2v. >> cadd lacks have six raid areas, two cameras. they are not enough to see you. v 2 v fills in the gaps and let's you have more information to address the driving situations that are challenging. >> reporter: and challenging situation is is what i got from the test drive from v2v researcher
a dreary day at general motors in warren, michigan gave me a dose of reality to test drive the v2v. > a drive, when you can't see the road you edge forward. i'll do what i would naturally do - edging forward. [ beeping ] coming. >> that's an advantage of v2 v. it works if you driver can't see approaching vehicles. >> reporter: general motors is one of nine major car-makers working together to make v2v a reality, an unusual teaming in a normally competitive industry. >> my...
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Aug 2, 2014
08/14
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CNBC
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look at general motors it didn't break trend, it broke trend months ago. it's one of the biggest laggards aren't remember the pattern is you can draw your tops 'ways, here the your neckline. this is not cool if itself. >> that's the first. carter saying not cool that means he must mean business, mike. >> one of the things the autos has had is a strong secular wind. the car sales have been been brock buster, they have been trending from the lower left to the upper right. the other ting to think about her is suvs outsold cars for the first time if years with the post-recent sales reports and also the brick countries, china in particular, general ports does over 14% of the chinese market. the largest auto market in the world, a market slated to grow 34%, bluist trading at below market mus. . the problem is we're close to $100 crude. that could influence suv sales, which is where all the markets are coming from. we had the tail end of low rates. the fear is rates could rise. when you take a look at all of those things in conjunction, the fact that the stock lo
look at general motors it didn't break trend, it broke trend months ago. it's one of the biggest laggards aren't remember the pattern is you can draw your tops 'ways, here the your neckline. this is not cool if itself. >> that's the first. carter saying not cool that means he must mean business, mike. >> one of the things the autos has had is a strong secular wind. the car sales have been been brock buster, they have been trending from the lower left to the upper right. the other...
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Aug 4, 2014
08/14
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KNTV
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general motors started accepting claims for the fund. the automaker set up to pay victims of crashes caused by faulty ignition switches. gm already absorbed a 400 million dlal charge to cover the potential payments from the fund. they recalled about 2.6 million vehicles worldwide due to the switches and admitted it knew about the issues for more than a decade. futures are high they are morning, partly on news that portugal is bailing out, the country's largest bank. the dow posting its worst weekly design since january. the s&p 500 is worth in the more than two years. there's no economic data today, but we'll go forward this week on the trade receive i did the, and worker productivity. the dow falling 69 points on friday to 16,493. the nasdaq losing 17 to 4352. the u.s. government is close to deciding to continue to prohibit cell phone calls on planes. the department of transportation is expected to propose the issue in december. reck laters are focussed on the disruptive effect of voice calls which they allowed on flights last year. i t
general motors started accepting claims for the fund. the automaker set up to pay victims of crashes caused by faulty ignition switches. gm already absorbed a 400 million dlal charge to cover the potential payments from the fund. they recalled about 2.6 million vehicles worldwide due to the switches and admitted it knew about the issues for more than a decade. futures are high they are morning, partly on news that portugal is bailing out, the country's largest bank. the dow posting its worst...
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Aug 4, 2014
08/14
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BBCAMERICA
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inside the challenge as, the general motors plan continued to make profits.fact a, kenya the auto industry has grown 40% over the last 20 years. >> even the smaller entrance into the kenya market is. in three years the company has grown from three pioneers to 45 staff today. >> something like 95% of the world's businesses are still running on cash a. when we said how do we get more and more businesses in emerging markets to move from cash, the first place we looked was kenya because of massive adoption of mobile money systems. >> china remains the top investor. investments from hu.s. and uk increased. those attacks have not scare add way americans that met kenya. >> if you don't get in now, you'll be sorry. you will say i wish i had gone in in 2014 or 2015. if you wait until all those things settle down, you'll pay more, you'll have to work harder. now is the time to come. >> for both the establishments in business and newcomers, these american brands are growing fast here. it's a scramble for aftrica. the competition is high, but enthusiasm is a win for the
inside the challenge as, the general motors plan continued to make profits.fact a, kenya the auto industry has grown 40% over the last 20 years. >> even the smaller entrance into the kenya market is. in three years the company has grown from three pioneers to 45 staff today. >> something like 95% of the world's businesses are still running on cash a. when we said how do we get more and more businesses in emerging markets to move from cash, the first place we looked was kenya because...
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Aug 20, 2014
08/14
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KYW
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what general motors is doing to prevent scenes like this one from happening. saved with progressive, so i get invited to quite a few family gatherings. heck, i saved judith here a fortune with discounts like safe driver, multi-car, paperless. you make a mighty fine missus, m'lady. i'm not saying mark's thrifty. let's just say, i saved him $519, and it certainly didn't go toward that ring. am i right? [ laughs ] [ dance music playing ] so visit progressive.com today. i call this one "the robox." we are the solis family. and this is our chex commercial. there's lots of choices and each of us has a favorite. like chocolate, honey nut and cinnamon. there's no artificial colors or flavors. that's good. and it's gluten free. so we're jumping for joy cause it's full of what we love, free of what we don't. and that makes for one very happy family. chex. full of what you love. free of what you don't. something happens when you giveair.r hair... you get a natural look without the gray. only just for men has airactiv. the only technology that uses oxygen in the air to ge
what general motors is doing to prevent scenes like this one from happening. saved with progressive, so i get invited to quite a few family gatherings. heck, i saved judith here a fortune with discounts like safe driver, multi-car, paperless. you make a mighty fine missus, m'lady. i'm not saying mark's thrifty. let's just say, i saved him $519, and it certainly didn't go toward that ring. am i right? [ laughs ] [ dance music playing ] so visit progressive.com today. i call this one "the...
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general motors is in the middle of another recall.s one involves some power window switches that can catch fire. >> banker the chevy trailblazer. general motors is telling customers park your vehicle outside until you get it repaired. >> might not affect the credit score as it has in the past. the nation's top credit score provider is updating the scoring model this fall. the change will mean people will only have unpaid medical that will jump by about 25 points. experts say the movie knowledge is that medical observations are different because consumers do not choose to incur a hospital that. towners the 50th anniversary of the original kennedy half dollar. it follows strong demand and long lines of people trying to buy the new half dollar. at this week's world sphere of money in rosemont they were limited to selling only 500: today. officials say the decision to halt retail sales was made to insure the safety of consumers. the queen is still available. a man in california was relieved when the insurance company decided to settle. >>
general motors is in the middle of another recall.s one involves some power window switches that can catch fire. >> banker the chevy trailblazer. general motors is telling customers park your vehicle outside until you get it repaired. >> might not affect the credit score as it has in the past. the nation's top credit score provider is updating the scoring model this fall. the change will mean people will only have unpaid medical that will jump by about 25 points. experts say the...
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Aug 22, 2014
08/14
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FBC
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the stock up nearly 80% since january. >>> exactly 190 days since general motors officially announced the first recall of 2005 to 2007 chevy cobalts, responsible for 64 accidents, 13 deaths. gm stock down about 5% since the end of february and the company's nightmare has not stopped as the automaker has gone onto recall more than 24 million additional vehicles over the last six months. that is ceo mary barra, who is ultimately accountable for the failure to address and rectify the initial ignition switch problem when it was first identified back in 2005. gm has already fired 15 people. people like engineers for misconduct, failure to act, but the investigations apparently are far from over. fox business's adam shapiro, our car expert here now with more. adam, now it's the lawyers who are in the very harsh spotlight. >> it was the "wall street journal" which broke the story about the federal probe of gm's legal department. it's getting a lot of traction. gm's board of directors were updated on the probe of the legal department last week. federal prosecutors are trying to determine if e
the stock up nearly 80% since january. >>> exactly 190 days since general motors officially announced the first recall of 2005 to 2007 chevy cobalts, responsible for 64 accidents, 13 deaths. gm stock down about 5% since the end of february and the company's nightmare has not stopped as the automaker has gone onto recall more than 24 million additional vehicles over the last six months. that is ceo mary barra, who is ultimately accountable for the failure to address and rectify the...
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Aug 20, 2014
08/14
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CSPAN
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my name is mary barra and i'm the chief executive officer of general motors.i appreciate the opportunity to be here today. more than a decade ago, gm embark 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 i can tell you that we will find out. this is an extraordinary situation. it involves vehicles that we no longer make. 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 responsibility now or in the future. today, gm is here to 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 and the lucas to conduc
my name is mary barra and i'm the chief executive officer of general motors.i appreciate the opportunity to be here today. more than a decade ago, gm embark 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 i can tell you that we will find out. this is an extraordinary situation. it involves vehicles that we no longer make. answers, we will be fully transparent with you, with our regulators, and with our...
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Aug 9, 2014
08/14
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KPIX
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here's jeff pegues. >> reporter: today, general motors told us they're advising s.u.v. owners of seven models to park outside because the vehicles could catch on fire even when not in use, according to documents filed with federal regulators, g.m. says the power window switch module in the driver's door can cause a possible electrical short, overheat, and cause smoke or a fire. the recall affects nearly 185,000 s.u.v.s, among them, the 2006-2007 chevrolet trailblazer and g.m.c. envoy. an owner took this video of the part in question. >> this one got hot. you can actually see the burn marks coming out of the door. >> reporter: there have not been any deaths connected to the problem, but there have been dozens of fires and hundreds of complaints. one owner told regulators, "my 2006 chevy trailblazer driver side door caught on fire some time early morning while we slept." g.m. has recalled the vehicles twice before. the solution was to apply a protective coating to the circuit board, but g.m. tells us the fix they put in did not work. the new fix may not be available until
here's jeff pegues. >> reporter: today, general motors told us they're advising s.u.v. owners of seven models to park outside because the vehicles could catch on fire even when not in use, according to documents filed with federal regulators, g.m. says the power window switch module in the driver's door can cause a possible electrical short, overheat, and cause smoke or a fire. the recall affects nearly 185,000 s.u.v.s, among them, the 2006-2007 chevrolet trailblazer and g.m.c. envoy. an...
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Aug 17, 2014
08/14
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WRC
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but first, we go to the congressional hearing for the general motors ignition-switch recall, where theo. of gm, mary barra, is concluding her opening remarks. >> and, finally, i would just like to apologize to everyone who has been affected by this recall.
but first, we go to the congressional hearing for the general motors ignition-switch recall, where theo. of gm, mary barra, is concluding her opening remarks. >> and, finally, i would just like to apologize to everyone who has been affected by this recall.
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Aug 2, 2014
08/14
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ALJAZAM
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>> how broadly will general motors compensation fund apply? those stories coming up on "al jazeera america." a. >>> cia director has admitted his agency hacked into the e-mails of several senators. with me is janie dana a provensor of political science and a professor of campaign management at nyu. wow. >> that's right. stri striking revelation. >> let's break this down. the senate was actually investigating the cia's interrogation program. what were they looking for? >> this does date back to the bush administration. john brennan worked for clinton. he worked in the cia under bush and was in charge of some of the secret prisons and enhanced interrogation techniques. when president obama came in and cancelled those enhanced interrogation practices, the senate intelligence committee began investigating. next week, the report you mentioned is the report that is set to be released on what the cia was doing. >> they were trying to get a look? >> trying to get a look at that. and that has precipitated this enormous tension between the cia director,
>> how broadly will general motors compensation fund apply? those stories coming up on "al jazeera america." a. >>> cia director has admitted his agency hacked into the e-mails of several senators. with me is janie dana a provensor of political science and a professor of campaign management at nyu. wow. >> that's right. stri striking revelation. >> let's break this down. the senate was actually investigating the cia's interrogation program. what were they...
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Aug 2, 2014
08/14
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ALJAZAM
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>> the controversy surrounding general motor compensation fund. >> a spotlight in china after nearly0 people are killed in a huge explosion at a factory. ♪ >>>. >> google is selling one of the two mystery barges docked in portland, maine andholds four stories worth of shipping containers. according to the portland press harold, it will be broken down scrapped and sent to an international company. there was intention speculation about the barnes when they were first discovered months ago. early davidson is recalling more than 3 bikes after an ignition switch issue was discovered. the problem causes bikes to stall and possibly crash. the raul applies to 2014 fx low rider motorcycle. this is the second harley-davidson recall this summer. auto sales in the u.s. were up in july. gm, ford, chrysler among the auto makers supporting sales gangs. all companies were offering summer deals. this year's incentives were higher than in past year. the result over a billion cars sold. general motor compensation fund for victims of a faulty ignition switches is now accepting claims since february, 25
>> the controversy surrounding general motor compensation fund. >> a spotlight in china after nearly0 people are killed in a huge explosion at a factory. ♪ >>>. >> google is selling one of the two mystery barges docked in portland, maine andholds four stories worth of shipping containers. according to the portland press harold, it will be broken down scrapped and sent to an international company. there was intention speculation about the barnes when they were first...
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Aug 1, 2014
08/14
by
CNBC
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eye 72
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>> well, forget about general motors. >> i like make you money. the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make you friend, i want to make you money. my job is not just to educate you, but to entertain you. so call me at 800-743-cnbc. every time you think you've seen it all. every time that we thought there can't be anymore scandals as best as the
>> well, forget about general motors. >> i like make you money. the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make you friend, i want to make you money. my job is not just to educate you, but to entertain you. so call me at 800-743-cnbc. every time you think you've seen it all. every time...