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mary barra testified that gm will do the right thing, and she lieves what many big lawmakers believe that the big car company is not doing all of the right things on ssuethis i >> marry bar ra, the new ceo of gm faced congre, and the whole rrific series of car crashes. at least 31, and 13 people killednd she apologized. >> i am deeply sorry. >> reporter: but barra got h hammered. >> again, you are relating to specific incidents that -- >> you don't know about that? >> reporter: and barra wept last night say family members and victims who met with her. the issue is b ignition switches which can suddenly turn the off engines and brakes and power steering. they knew about it in 1991, but they did not order a recall. átttáápr" no. >> reporter: in 1979, sarah troutline died when her car crash d the air abag did not deploy. her family is furious. >> the only thing that matters to me now is getting the cars off of the road like yesterday. >> reporte next week, replacement switches wl be finally d dirks and barra has ordered 2.6 min >> sitng here today, i cannot tell you why it took so long for a safety defe
mary barra testified that gm will do the right thing, and she lieves what many big lawmakers believe that the big car company is not doing all of the right things on ssuethis i >> marry bar ra, the new ceo of gm faced congre, and the whole rrific series of car crashes. at least 31, and 13 people killednd she apologized. >> i am deeply sorry. >> reporter: but barra got h hammered. >> again, you are relating to specific incidents that -- >> you don't know about that?...
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a gm car. a car gm knew was dangerous and defective. >> president obama celebrated a huge victory for his often-criticize add fordable care act the president announced health care enrollment surpassed the white house goal. obama said that shouldn't, should stop more challenges to the law >> the debate is over. affordable care act is the same. >> last minute social media campaign led to a surge if sign ups applicants received extra time to enroll today. >> thank you. >> sure. >> san francisco attempt to regulate those google buses is in the hands of a review this afternoon. activi activists said she held up the excuse. carolyn? >> the planning department and transportation agency say a review is not needed because this is just a pilot program slated to begin july and kittics say yes, they do. >> muni? >> the buses using stops for passengers have become a growing source of tension and protests like this one, today. the agency proposes to charge shuttles $one per stop sh per day. but a coalition of
a gm car. a car gm knew was dangerous and defective. >> president obama celebrated a huge victory for his often-criticize add fordable care act the president announced health care enrollment surpassed the white house goal. obama said that shouldn't, should stop more challenges to the law >> the debate is over. affordable care act is the same. >> last minute social media campaign led to a surge if sign ups applicants received extra time to enroll today. >> thank you....
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Apr 2, 2014
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are they going to feel safe in a gm car? do they trust the company? >> i think the proof of this will bear out over some time. what was interesting today, gm released its march auto sales with the rhett of test of the a. passenger car sales are up 10% for the month of march. this has been front page headline leading news for the past couple of weeks. it would have been interesting to see whether consumers decided not to purchase towards the back half of the month. that doesn't appear to be the case. as this plays out over the course of the next few months i'd expect there to be some sort of backlash to consumers. thus far it hasn't really taken place. >> for investors in general motors, is this a problem? >> i think it is in the near-term. clearly there are going to be a couple of moments over the course of the next couple months that can be expected to be fairly ugly. as this investigation goes forward. obviously with consumers passing away in auto crashes, it's a terrible event. and i think that there's more to be found about this. and i think that a
are they going to feel safe in a gm car? do they trust the company? >> i think the proof of this will bear out over some time. what was interesting today, gm released its march auto sales with the rhett of test of the a. passenger car sales are up 10% for the month of march. this has been front page headline leading news for the past couple of weeks. it would have been interesting to see whether consumers decided not to purchase towards the back half of the month. that doesn't appear to...
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this is safety issue with the gm cars. >> the issue you found on craig's list why carfax has created a new place for consumers to stop for cars at carfax. you can search inventory of dealers, every single one comes with carfax report. and those reports include absolutely free of charge for used car shoppers whether or not there is open recall on that specific car. i think that is an important consideration. make, model year, level, recall information isn't really actionable for consumers. you want to use the vehicle identification, number, come to a site like carfax and check whether or not you're car has an open recall. gerri: here's my question though because we've heard reports of the carfax is database is not updated all that often. what is going on there. >> we actually load more than 3 1/2 million pieces of information every day. we work with every major manufacturer to make sure that open recall information is included. for some reason you still have questions about whether or not your car has an open recall, you can go to nhtsa.gov or manufacturer websites to investigate furth
this is safety issue with the gm cars. >> the issue you found on craig's list why carfax has created a new place for consumers to stop for cars at carfax. you can search inventory of dealers, every single one comes with carfax report. and those reports include absolutely free of charge for used car shoppers whether or not there is open recall on that specific car. i think that is an important consideration. make, model year, level, recall information isn't really actionable for consumers....
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members of congress demanding answers why gm took ten years to recall the defective cars. n potential fixes because they thought it was, too. expensive but documents show the little piece needed to fix the defective ignition cost 357 cents. one woman who lost her son nine days after he bought a gm car said the company only cares about their bottom line, not those who lost their lives. >> i'm an angry mother. my family's hurt. i'll never forget that 4:30 in the morning knock at the door from two troopers. i just -- i want justice. he died at the scene. they will never be able to give me my son back. >> ceo mary barra apologized. dana bash has the story. >> lining the back wall of the hearing room, pictures of 13 people believed to have died because of a defect in a gm ignition switch, a problem that disabled air bags. their family' members got a public apology from gm's new ceo mary barra. >> the families and friends who lost their lives or were injured, i am deeply sorry. >> but those looking for answers didn't get many. >> we don't know why they didn't replace the switch o
members of congress demanding answers why gm took ten years to recall the defective cars. n potential fixes because they thought it was, too. expensive but documents show the little piece needed to fix the defective ignition cost 357 cents. one woman who lost her son nine days after he bought a gm car said the company only cares about their bottom line, not those who lost their lives. >> i'm an angry mother. my family's hurt. i'll never forget that 4:30 in the morning knock at the door...
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gerri: last week, general motors, mary barra shade she woe allow her son to drive one of recalled gm cars next guest says that is not to make the car safe. joining me personal injury attorney robert hillard. thanks for joining me on the show. this is fascinating story. you say you have a client who had trouble with their gm car and they did not have the big heavy key chain that we heard so much about. tell us about her. >> that's right. so, general motors told all of their customers in their recall letter that even if you don't have anything on your key chain, if you hit a rough patch of road or have a sudden jarring event such as a pothole, this could still occur. even if you do everything they say in regards to the key. so mary barra tells senator blumenthal on the senate floor, you show me one instance of this happening. when it is just the key and no weight and i will ground the entire fleet in the united states. gerri: tell us about your client. you have somebody who actually experienced this. what happened? >> yeah. i have three of them. i have a client that got the recall letter, t
gerri: last week, general motors, mary barra shade she woe allow her son to drive one of recalled gm cars next guest says that is not to make the car safe. joining me personal injury attorney robert hillard. thanks for joining me on the show. this is fascinating story. you say you have a client who had trouble with their gm car and they did not have the big heavy key chain that we heard so much about. tell us about her. >> that's right. so, general motors told all of their customers in...
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Apr 2, 2014
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outside of the hearing, family members who lost loved ones to crashes and effective gm car spoke out against the company's actions. >> with the people left behind when a loved one got into what was opposed to be a safe car, the gm car, a car that gm knew for years was dangerous and effective. our daughters, sons, sisters, brothers, mothers, fathers, wives, and husbands are gone because they were a cost of doing business gm-style. >> gm engineers were aware of her problem with the ignition switch design for years earlier, which could cause them to turn into the excessive position with just the weight of a keychain or road bump. rather than fixing the problem, they chose to keep producing the cobalt with the ignition switch and selling it to an unsuspecting public. we are the problem and discovered -- would it have saved these girls lives in the lives of many others? yes. should gm be able to hide behind her bankruptcy and not accept responsibility and liability of these young lives? .o >> the scandal has also brought scrutiny on federal regulators who took no action despite knowing of
outside of the hearing, family members who lost loved ones to crashes and effective gm car spoke out against the company's actions. >> with the people left behind when a loved one got into what was opposed to be a safe car, the gm car, a car that gm knew for years was dangerous and effective. our daughters, sons, sisters, brothers, mothers, fathers, wives, and husbands are gone because they were a cost of doing business gm-style. >> gm engineers were aware of her problem with the...
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gm was more focused on profit than on safety. >> we're the people left behind when a loved one got into what was supposed to be a safe car, gm car, car that gm knew for years was dangerous and defective. our daughters, sons, sisters, brothers, mothers, fathers, wives, and husbands, are gone because they were a cost of doing business gm style. >> it was not the only case in 2006, these teens, natasha and her friend amy were riding in a chevy cobalt when the car suddenly lost power and slam into trees. that was in wisconsin. investigators found the ignition was in the accessory position, not the run position, and that they air bags failed to deploy. natasha's father says gm need is to take responsibility for all of the lives it shattered. >> my wife, jane, lost everything. natasha was her only child. there will be no boyfriend troubles no, wedding day jitters , no grandchildren no family member to care for her as she grows older, just a forever hole in the heart. >> at the start of testimony the general motors' new ceo who took over in january, apologized to the families and friends of those who died or were hurt. she said she cou
gm was more focused on profit than on safety. >> we're the people left behind when a loved one got into what was supposed to be a safe car, gm car, car that gm knew for years was dangerous and defective. our daughters, sons, sisters, brothers, mothers, fathers, wives, and husbands, are gone because they were a cost of doing business gm style. >> it was not the only case in 2006, these teens, natasha and her friend amy were riding in a chevy cobalt when the car suddenly lost power...
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Apr 3, 2014
04/14
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and he also specifically tried to get gm to stop avoiding liability for car crashes. in its bankruptcy managed to push -- to avoid liability for any crash happening before 2009. so if anyone died in a crash of a gm car before 2009 they couldn't sue the company -- >> because of the bankruptcy. >> because of the bankruptcy. >> at this point, i almost wonder whether the liability -- i mean this is a big company that does have a lot of money -- i wonder whether the financial liability is less serious than the fact that gm is not coming out of this looking very good. >> gm looks absolutely terrible, but the only thing that really speaks to a corporation is the size of the monetary liability. and blumenthal has suggested a fund for victims of between $3 billion and $8 billion. which we're talking about a 6 million vehicle recall, 13 deaths that we know of. and there could be collateral deaths from things like the basic ignition switch not working and that causing air bags not to work. transmission lines, power steering. so it is really voos -- vast. so you can't believe we k
and he also specifically tried to get gm to stop avoiding liability for car crashes. in its bankruptcy managed to push -- to avoid liability for any crash happening before 2009. so if anyone died in a crash of a gm car before 2009 they couldn't sue the company -- >> because of the bankruptcy. >> because of the bankruptcy. >> at this point, i almost wonder whether the liability -- i mean this is a big company that does have a lot of money -- i wonder whether the financial...
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Apr 14, 2014
04/14
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the very gm car getting those recall notices. a lawyer present in the women in the gm car crash.t has got to be doubling insulting and damning. what did she do when she got the notices? >> her life is already just in shambles. remember from the accident itself it broke her neck, it broke several ribs and had a double amputation on both legs. neil: back to the ignition switch? >> absolutely. faulty ignition switch shut in the car off in the middle of a drive. no ara airbag deployment because computer things the car is turned off. they knew what happened in 2004 and kept putting the same faulty ignition switches in for six more years and then they wait several more before they do the recall. neil: this was the recall that talked about how much you could put on the key ring. if any of that had been done even in her case at the time of the accident, would it have made a difference? >> oh, who knows. we do know there have been accidents with nothing on the keychain at all. the whole reason every key you get has a little hole in it is for the keychain to hold all the other keys. it's a
the very gm car getting those recall notices. a lawyer present in the women in the gm car crash.t has got to be doubling insulting and damning. what did she do when she got the notices? >> her life is already just in shambles. remember from the accident itself it broke her neck, it broke several ribs and had a double amputation on both legs. neil: back to the ignition switch? >> absolutely. faulty ignition switch shut in the car off in the middle of a drive. no ara airbag deployment...
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should you get into your gm car?l let's go to a list that was prepared from the -- the iihs, the insurance institute for highway safety, and just today they awarded the chevy malibu with their top safety pick plus. what do you think of that? >> well, that's part of the new gm. the new gm is making some fabulous cars, and anyone who looks another the showrooms are acknowledge that. 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 ago. and 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 di
should you get into your gm car?l let's go to a list that was prepared from the -- the iihs, the insurance institute for highway safety, and just today they awarded the chevy malibu with their top safety pick plus. what do you think of that? >> well, that's part of the new gm. the new gm is making some fabulous cars, and anyone who looks another the showrooms are acknowledge that. but, you know, a lot of the problems you were just talking about, they relate to a gm from anywhere from 5 to...
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Apr 1, 2014
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a gm car. >> driving this car was like playing a game of russian roulette with my safety and my friends. you can't explain the fear when you have no control over your car. >> no boyfriend troubles, no wedding date jitters, no children. no family member to care for her as she grows older. just a forever hole in her heart for the daughter she so loved. >> and this exclusive nbc news has obtained a copy of a 2006 memo in which a gm engineer approved the redesign of the switch linked to the recall of more than 1 million cars. gabe gutierrez and tom costello both join me now. tom is on the hill where he was meeting with the family members. you have both been looking into the investigation. tom, gabe, let's start with you on what gm knew and when did the engineer know it? >> well, as you mentioned, the nbc news investigative unit obtained that internal gm memo suggesting a design engineer knew about the ignition switch problem back in 2006 and signed a document authorizing a redesign. that engineer was ray degeorge. we confirmed that he is still employed by gm, although it's unclear in what c
a gm car. >> driving this car was like playing a game of russian roulette with my safety and my friends. you can't explain the fear when you have no control over your car. >> no boyfriend troubles, no wedding date jitters, no children. no family member to care for her as she grows older. just a forever hole in her heart for the daughter she so loved. >> and this exclusive nbc news has obtained a copy of a 2006 memo in which a gm engineer approved the redesign of the switch...
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are people slowing down their interest and looking at gm cars either with you or on the vehicle lot? surprisingly not. we're looking at consideration of edmonds.com shoppers through the entire recall and it really hasn't fell. a lot of these cars are very old. none of them are sold today. if you look at chevrolet which is their big brand, it's pretty much stayed steady as have their other brands. it doesn't look as if that many car shoppers are really paying attention to the recalls and what's happening. >> are we seeing it anywhere on the food chain, jessica? i'm curious in terms of resale values, for instance. i would imagine gm cars have taken a hit on that secondary market. >> well, again, these cars are old. they're not commanding top dollar. a lot of them were lower-priced vehicles. several year s old. in terms of what they're going to take a hit on the used car side, we're not talking about a lot. the brand overall, not much move there, either. inventory has been tight the last few years so not seeing ii effect there, either. >> are they going on to the lots looking at a car a
are people slowing down their interest and looking at gm cars either with you or on the vehicle lot? surprisingly not. we're looking at consideration of edmonds.com shoppers through the entire recall and it really hasn't fell. a lot of these cars are very old. none of them are sold today. if you look at chevrolet which is their big brand, it's pretty much stayed steady as have their other brands. it doesn't look as if that many car shoppers are really paying attention to the recalls and what's...
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Apr 6, 2014
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. >> yes, he specifically tried to get gm to stop avoiding liability for car crashes. to so gm in its bankruptcy managed to push to avoid liability for any crash happening before 2009. so if anyone died in a crash of a gm car before 2009 they couldn't sue the company. >> because of the bankruptcy. >> because of the bankruptcy. >> right. >> and in 2009 bloomenthal was one advocating with eight other attorneys general for this. >> at this opinion i almost worry about the hiebility, this is a big -- liability, this is a big company and has a lot of money. i'm wondering that the financial responsibility is not that horrible but gm is not looking that good. >> the size of the monetary liability and bloomenthal for instance has suggested a fund for victims between $3 billion and $8 billion which actually seems small considering the about. a 6 million vehicle recall, 13 deaths that we know about and the investigation isn't even over and there could be collateral deaths from the basic ignition switch not working and that causing air bags not to work, there are issues with trans
. >> yes, he specifically tried to get gm to stop avoiding liability for car crashes. to so gm in its bankruptcy managed to push to avoid liability for any crash happening before 2009. so if anyone died in a crash of a gm car before 2009 they couldn't sue the company. >> because of the bankruptcy. >> because of the bankruptcy. >> right. >> and in 2009 bloomenthal was one advocating with eight other attorneys general for this. >> at this opinion i almost worry...
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Apr 21, 2014
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schoumacher: to link his cars with the national mood, sloan made advtising as much a gm products thchyof george washington university has written about the car and the era. shrewd, in some sense manipulative advertising, suggesting that an automobile represents youstatus and your personality -- it's not just a way to get around -- aided the appeal. and of course, the possibility that you could trade in your old car and buy a chevy on time made it much more possible for gm to challenge ford. they had better looks and convenience, yes. well, what more is there in life than those two things? william knudsen, who headed the chevrolet division, who had worked for ford, recognized that there was a stigma, as he put it, in using cheap goods that look cheap. there would be an opportunity to sell the chevrolet by making it look a little classier than the model t. the chevy wouldn't look cheap as the model t was beginning to do. the chevy would make you proud, make you stand out! schoumher: for a while, henry ford stood his ground with the model t. the man whose name meant efficiency around the
schoumacher: to link his cars with the national mood, sloan made advtising as much a gm products thchyof george washington university has written about the car and the era. shrewd, in some sense manipulative advertising, suggesting that an automobile represents youstatus and your personality -- it's not just a way to get around -- aided the appeal. and of course, the possibility that you could trade in your old car and buy a chevy on time made it much more possible for gm to challenge ford....
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lost. >> we are those left behind when our loved one got into what was supposed to be a safe car, a gm carew for years was dangerous and defective. >> general motors has hired kenneth feinberg to manage the fund for the victims of the switch failure. he did the same for victims of 9/11 and bp oil spill. >>> despite the disastrous rollout, 7.1 million people enrolled in the obamacare before the deadline on monday. the white house still hasn't revealed how many of those who signed up paid their first premiums or how many were previously insured under plans that were cancelled. >>> an extradition hearing is set for today for a minnesota couple arrested in ft. lauderdale, florida, accused of collecting benefits meant for the poor while living in luxury. prosecutors say andrea and colin chisholm were living in a $1 million yacht as they scammed the government out of welfare, food stamps and medicare in two states. mr. chisholm claimed to be scottish royalty. his wife bred show dogs. >>> a scaffolding off the 30th floor of a condo collapsed while two workers were still on it. one jumped to a bal
lost. >> we are those left behind when our loved one got into what was supposed to be a safe car, a gm carew for years was dangerous and defective. >> general motors has hired kenneth feinberg to manage the fund for the victims of the switch failure. he did the same for victims of 9/11 and bp oil spill. >>> despite the disastrous rollout, 7.1 million people enrolled in the obamacare before the deadline on monday. the white house still hasn't revealed how many of those who...
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are you less likely or, you fine with it, to buy a gm car now? will you switch brand if you own a gm vehicle. or keep loyal? tweet us, @fbnatb. your answers later this hour. ♪ ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. wherever you are with the mobile trader app so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron
are you less likely or, you fine with it, to buy a gm car now? will you switch brand if you own a gm vehicle. or keep loyal? tweet us, @fbnatb. your answers later this hour. ♪ ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. wherever you are with the mobile trader app so...
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Apr 1, 2014
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CNBC
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the cars where the torque fell well below gm specifications instead of just new cars? why?> what you just said does not match under tab 25. >> it's the bottom of the page. there should be something there. just note that what i said, a positive apologize for that. there was a statement made cobalt is blowing up in their face just by a bump of the driver's knee. >> clearly there were a lot of things that happened. there has been a lot of statements made as it relates. that's why we've hired anton to do a complete investigation of this process. we are spanning over a decade -- >> you don't know why they didn't just replace the switch on the old cars as well as the new cars? >> i do not know the answer to that. that's why we're doing this investigation. >> given the number of complaints about ignitions turning off while driving, why wasn't this identified as a safety issue? >> again, i can't answer specific questions at that point in time. that's why we're doing a full and complete investigation. >> another one. in the chronology gm submitted to nhtsa, gm states it didn't make
the cars where the torque fell well below gm specifications instead of just new cars? why?> what you just said does not match under tab 25. >> it's the bottom of the page. there should be something there. just note that what i said, a positive apologize for that. there was a statement made cobalt is blowing up in their face just by a bump of the driver's knee. >> clearly there were a lot of things that happened. there has been a lot of statements made as it relates. that's why...
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why did gm replace the ignition switch in new cars but not the older models? why did gm think a memo about the size of key chains wu enough to solve the problem? why did nhtsa twice decide not to investigate and why not make the keys of the accessory position and air bags not deploying? did anyone ask why? for both are people talking to one another? did gm and nhtsa have a culture where people don't pass information up and down the chain of command? to borrow a phrase, what we have here is a failure to communicate and the results were deadly. a failure to communicate both between and within gm and nhtsa. today we'll ask them what they're doing to not just fix the car but to fix a culture within a business and a government regulator that led to these problems. this is about restoring public trust and giving the families and crash victims the truth about whether the tragedy could have been prevented and if future ones will be prevented. it is my hope and expectation today we'll not hear a blame game or finger pointing. the engineers and workers won't matter if th
why did gm replace the ignition switch in new cars but not the older models? why did gm think a memo about the size of key chains wu enough to solve the problem? why did nhtsa twice decide not to investigate and why not make the keys of the accessory position and air bags not deploying? did anyone ask why? for both are people talking to one another? did gm and nhtsa have a culture where people don't pass information up and down the chain of command? to borrow a phrase, what we have here is a...
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a gm car. car that gm knew for years was dangerous and defective. >> reporter: and ashleigh, a lot of family members will be in the hearing right behind me today. this is not going to be the first time, though, they hear from gm ceo mary barra. she met with family members, we're told, here in d.c. at gm's offices last night. we're told she apologized to each and every family member. the key question facing her today is how could this have happened? how could general motors have known about an error that turned out to be deadly for some as far back as 2004 and have not recalled those cars until just a few months ago. ten years later. not only gm that's going to face these questions. nitsa, the government agency tasked with protecting people on the road, many say they fell short, they did not notice a trend and did not recall these cars in time. general motors has apologized for this over recent weeks. but they do not have answers. we will hear mary barra testifying, saying i cannot tell why it to
a gm car. car that gm knew for years was dangerous and defective. >> reporter: and ashleigh, a lot of family members will be in the hearing right behind me today. this is not going to be the first time, though, they hear from gm ceo mary barra. she met with family members, we're told, here in d.c. at gm's offices last night. we're told she apologized to each and every family member. the key question facing her today is how could this have happened? how could general motors have known...
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on the consumerwatch >>> fix is on the way for thousands of gm cars with those defective ignition switches the consumerwatch, julie watts explains what car owners need to know. >> reporter: gm said today it's shipped thousands of the repair kits needed to fix the defective ignition switches linked to at least 13 deaths. now, the company's ceo has faced tough questions on capitol hill over gm's delay in fixing the problem. gm mailed letters last week to 1.4 million owners of 2003 to 2007 vehicles. another 2.6 million letters are going out in may to the owners of cars manufactured between 2008 and 2011. they are being told to schedule repair appointments and they should take about 90 minutes. the existing switches in millions of gm cars could fail without warning and have been blamed for at least 31 crashes. drivers reported losing power steering, brakes and in some cases, airbags failed to deploy. >>> currently it's illegal to text and drive. but it may soon be impossible. apple has come up with a way to stop people from texting while they drive. the company has developed a new technology t
on the consumerwatch >>> fix is on the way for thousands of gm cars with those defective ignition switches the consumerwatch, julie watts explains what car owners need to know. >> reporter: gm said today it's shipped thousands of the repair kits needed to fix the defective ignition switches linked to at least 13 deaths. now, the company's ceo has faced tough questions on capitol hill over gm's delay in fixing the problem. gm mailed letters last week to 1.4 million owners of 2003...
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. >> reporter: family members of people killed in defective gm cars are getting another apology from the nation's largest car maker today but what they really want are answers. >> i don't want any more drivers to be mourned by family and friends because an automaker hit a deadly problem. >> it is clear that gm is only concerned with their bottom line cannot the safety of our -- and not the safety of our loved ones. >> reporter: for two days of hearings investigating why gm failed to recall several models of small cars including the cobalt. the company knew as early as 2001 were having ignition problems. >> $2. that's how little this ignition switch could have cost to repair. >> reporter: at least 13 people were killed in accidents linked to the defects. gm's ceo mary bar ramet family members last night and apologized for failing to fix the ignition sooner. the government's top highway safety official is telling lawmakers gm withheld information that could have led to a timely recall. the head of the national highway traffic safety administration is testifying that gm had critical info
. >> reporter: family members of people killed in defective gm cars are getting another apology from the nation's largest car maker today but what they really want are answers. >> i don't want any more drivers to be mourned by family and friends because an automaker hit a deadly problem. >> it is clear that gm is only concerned with their bottom line cannot the safety of our -- and not the safety of our loved ones. >> reporter: for two days of hearings investigating why...
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that is the total number of cars that gm has recalled the first quarter of this year. saturn,y malibu, the and the g six. the recall adds to the one in 2010, which includes the chevy cobalt. the recall, also in a recall a decade in the making. mary barrow will reportedly make sense of this in her testimony on capitol hill later today. we are going to have more on the story coming up in "lunch money." here is the thing. gm recalls are not the only thing washington is worried about. >> the fbi is investigating whether high-frequency trading firms break the law. are they at non-nonpublic information to gain an edge? there is certainly a question about timing here. michael lewis is trying to sell his book right now on flash trading. the book shows off a multiyear investigation. michael lewis was on 60 minutes over the weekend, laming the u.s. stock markets are rigged because of high-frequency traders. theay not be that he is only one ringing high-frequency trading to the four. eric schneiderman announced on his own that there is an investigation. this was a few weeks ago.
that is the total number of cars that gm has recalled the first quarter of this year. saturn,y malibu, the and the g six. the recall adds to the one in 2010, which includes the chevy cobalt. the recall, also in a recall a decade in the making. mary barrow will reportedly make sense of this in her testimony on capitol hill later today. we are going to have more on the story coming up in "lunch money." here is the thing. gm recalls are not the only thing washington is worried about....
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>> i have not seen the test results. >> despite these facts, gm continued to manufacture cars with theame ignition switches for the model years 2008-2011. is that correct? >> yes. 2004-2014, no public notices were issued as a result of gm's knowledge of these facts and no recalls were issued for the over 2.5 million vehicles manufactured with these defective ignition switches. is that correct? >> yes. >> three recalls were made this year. two in february and one last friday. is that right? >> related to this ignition switch? , gmhe first question i have is intending to replace all of the switches for those cars beginning on april 7? >> we will begin shipping new parts. >> are you going to put a completely redesigned switch or the old switches from 2006 and to those cars? >> a switch that meets -- >> a newly redesigned switch or the old switch from 2006? >> the old design that meets the performance and is required. >> i have more questions. you are saying that there is an ongoing investigation and you cannot comment. are you getting updates on a regular basis? from anybody in the compan
>> i have not seen the test results. >> despite these facts, gm continued to manufacture cars with theame ignition switches for the model years 2008-2011. is that correct? >> yes. 2004-2014, no public notices were issued as a result of gm's knowledge of these facts and no recalls were issued for the over 2.5 million vehicles manufactured with these defective ignition switches. is that correct? >> yes. >> three recalls were made this year. two in february and one...
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. ♪ >>> 13 people are dead allegedly because they drove gm cars that had a problem.ow the head of general motors is on capitol hill to answer why. she is set to testify soon concerning the ignition switch recall. libby casey is in washington. give us a break down of what we might expect to see and hear today. >> we'll hear from gm's ceo, mary barra. she is a second generation gm employee, and her written testimony was released yesterday. she plans to .a ol guise for what happens, and also the fact that it took gm a decade to recall the vehicles with the ignition switches. they have hired a prosecutor to independently look into when things were known and why it wasn't revealed. they also have created a global vehicle safety supervisor to oversee safety. and work with customers to give them replacement vehicles while they get their cars fixed. these ignition switches fixed. she'll get tough questions today, del, and tomorrow she'll go before members of the senate is. some of them are pushing for real changes. one is ed markey of massachusetts. he joined some victims fa
. ♪ >>> 13 people are dead allegedly because they drove gm cars that had a problem.ow the head of general motors is on capitol hill to answer why. she is set to testify soon concerning the ignition switch recall. libby casey is in washington. give us a break down of what we might expect to see and hear today. >> we'll hear from gm's ceo, mary barra. she is a second generation gm employee, and her written testimony was released yesterday. she plans to .a ol guise for what...
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. >> we are the people left behind when a loved one got into a supposedly safe car, gm car, a car gm knew for years was dangerous and defect iive. our brothers, sons, sisters, mothers, brothers, wives, and husbands are gone because they were a cost of doing business gm's style. >> and starting in february, gm began recalling 2.6 million cars for faulty ignition switches. that can be jostled out of position, potentially disabling air bag deployment and cutting power to the engine. that's at the heart of what's going on here. however, gm's own timeline shows it knew about the problem as early as 2001. barra, who took over as ceo in january, is expected to be asked if gm knew it had a problem, why wasn't something done to fix it? she did apologize to the families she met with last night. >> something went wrong wrong with our process in this instance and something terrible happened. as a member of the gm family, and a mom with a family of my own, this really hits home for me. >> joining me now, automotive reporter for the detroit free press. thank you so much, brent, for your time. >> h
. >> we are the people left behind when a loved one got into a supposedly safe car, gm car, a car gm knew for years was dangerous and defect iive. our brothers, sons, sisters, mothers, brothers, wives, and husbands are gone because they were a cost of doing business gm's style. >> and starting in february, gm began recalling 2.6 million cars for faulty ignition switches. that can be jostled out of position, potentially disabling air bag deployment and cutting power to the engine....
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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...
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. >> we're the people left behind when a loved one got into what was supposed to be a safe car, a gm carthat survived. >> driving this car is like playing a game of russian rule yet >> victims say gm needs to come clean. ken's 18-year-old step daughter was killed he and others met with barra here in washington >> this is the first time she apologized to us. it's still not the answer we need. >> does that name sound familiar? fineberg did the same for victims of september 11thth. >> thank you >> an orange county family's test drive turned out scary this weekend. john and judith were taking out the suv and it started smoking. they were able to get out just seconds before the whole thick thing exploded. >> we're not sure if parts are going to be flying around. >> this family is in the same shoes. when did they know gm says it's aware and is investigating. >> president obama spoke to the nation about his reform act announcing a key milestone. that doesn't include the state run, surpassing the goal of 7 million. >> i will work with anyone willing to make this law work better. the debate is ov
. >> we're the people left behind when a loved one got into what was supposed to be a safe car, a gm carthat survived. >> driving this car is like playing a game of russian rule yet >> victims say gm needs to come clean. ken's 18-year-old step daughter was killed he and others met with barra here in washington >> this is the first time she apologized to us. it's still not the answer we need. >> does that name sound familiar? fineberg did the same for victims of...
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the cars where the torque fell well below gm's specifications instead of just the new cars, why?what you just said does not match under tab 25. >> it's the bottom of the page, there should be something there. just note that what i've said -- i apologize for that but there was a statement made that cobalt is blowing up in their face by a bump of the driver's knee. >> clearly there were a lot of things that happened. there's been a lot of statements made as it relates. that's why we've hired anton velucas to do a complete investigation of this process. >> but you don't know why they didn't just replace the switch on the old cars as well as the new cars? >> i do not know the answer to that and that's why we're doing this investigation. >> given the number of complaints about ignitions turning off while driving, why wasn't this identified as a safety issue? >> again, i can't answer specific questions at that point in time. that's why we're doing a full and complete investigation. >> another one, in the chronology gm submitted, gm states it didn't make the connection between the ignit
the cars where the torque fell well below gm's specifications instead of just the new cars, why?what you just said does not match under tab 25. >> it's the bottom of the page, there should be something there. just note that what i've said -- i apologize for that but there was a statement made that cobalt is blowing up in their face by a bump of the driver's knee. >> clearly there were a lot of things that happened. there's been a lot of statements made as it relates. that's why...
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gm recalls more than a million more cars. a is headed to the hill to explain why they ignored three -- 13killed people. the one it announced last night is tear -- tied to power steering. ads to one from 2010. that car also in the ignition switch recall. the ceo will make sense of the testimony. we will have more coming up as well as throughout the day. gm recalls are not the only thing washington is worried about. >> let's lead with the fbi. investigating whether high-frequency trading firms break the law. there is a question about timing. trying to sells his book right now on flash trading. this stems from a multiyear investigation that has resulted in at least 79 convictions. >> michael lewis was on "60 minutes" and claimed the u.s. stock markets are rigged because of high-frequency traders. it may not be that he is the high-frequencyng trading to the fore. announcing that there is an weeks ago.on if you >> high-frequency trading of securities good, reduces liquidity. from running the market, bad. if you can get information
gm recalls more than a million more cars. a is headed to the hill to explain why they ignored three -- 13killed people. the one it announced last night is tear -- tied to power steering. ads to one from 2010. that car also in the ignition switch recall. the ceo will make sense of the testimony. we will have more coming up as well as throughout the day. gm recalls are not the only thing washington is worried about. >> let's lead with the fbi. investigating whether high-frequency trading...
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a gm car. m knew for years was dangerous and defective. >> that defect, which effected over 2.1 million gm vehicles caused ignition key of the car to suddenly switch to off cutting off the power steering and breaking as well as disabling safety features in the car such as airbags. as early as 2002, gm had approved the ignition switch design on the saturn ion despite being told it did not meet gm specifications. in march 2005, gm rejected a gm proposal to fix the problem.nd claiming it would be too costly and take too long. in the congressional hearings this week, it was revealed what gm considered too costly. >> documents provided by gm sho that this unacceptable cost increase was only 57 cents.on >> by 2009, gm declared bankruptcy and was bailed out by your u.s. taxpayer dollars. gm timely began recalling the defective vehicles in march of 2010 after all 13 victims associated with the class-action suit had already lost their lives. they continue to recall more vehicles due to the same defectd e
a gm car. m knew for years was dangerous and defective. >> that defect, which effected over 2.1 million gm vehicles caused ignition key of the car to suddenly switch to off cutting off the power steering and breaking as well as disabling safety features in the car such as airbags. as early as 2002, gm had approved the ignition switch design on the saturn ion despite being told it did not meet gm specifications. in march 2005, gm rejected a gm proposal to fix the problem.nd claiming it...
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a gm car. the gm you for years was dangerous and effective our daughters sons sisters brothers mothers fathers wives and husbands are gone because they were a cost of doing business. g m's style issues with equipment from gm into it and make up the bulk of the biggest recalls in the us in the last decade but ford holds the record for the largest in two thousand nine of fourteen million vehicles were recalled for a cruise control mechanisms that could spontaneously come past the implications of these recalls also goes beyond the victims as companies have an uphill battle to regain the public's trust ave i have really gotten their way to prevent that happening and i don't really wanna get my car that knows all the delegates and see how it plays out see what they're there are responses are that it is shown that the negligent the first. initial responses to get to that information yes that has staked a black nissan titan the warmer months usually spell it can seem a spending spree penny whistle to
a gm car. the gm you for years was dangerous and effective our daughters sons sisters brothers mothers fathers wives and husbands are gone because they were a cost of doing business. g m's style issues with equipment from gm into it and make up the bulk of the biggest recalls in the us in the last decade but ford holds the record for the largest in two thousand nine of fourteen million vehicles were recalled for a cruise control mechanisms that could spontaneously come past the implications of...
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relatives of loved ones who died in gm cars travel to washington to try to keep up the pressure .n general motors and its boss in the shadow of the capital, relatives urged the car maker to .et up a compensation fund at times, their emotions got the best of them. they are, after all, members of a club they never wanted to join. >> i am that earth mother of the first known fatality of the chevy cobalt defect. at first, there was one. then we were a few. as you see, we are many. >> calling for safety rules, the senate said the parts would have cost just two dollars to replace . >> this is a 2007 chevy cobalt failedn switch that shutting off vehicle airbags and killing innocent victims. >> we want answers. >> talking to some of the victims' family members, one word came up a lot -- accountability. >> it has got to stop now. not until we have suffered more deaths and fatalities. >> they need to be held accountable, and the only way they can be held accountable is to hurt them and the only place they are hurt is in their wallet . >> much is at stake for general motors and its new chief executiv
relatives of loved ones who died in gm cars travel to washington to try to keep up the pressure .n general motors and its boss in the shadow of the capital, relatives urged the car maker to .et up a compensation fund at times, their emotions got the best of them. they are, after all, members of a club they never wanted to join. >> i am that earth mother of the first known fatality of the chevy cobalt defect. at first, there was one. then we were a few. as you see, we are many. >>...
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. >>> and overseas markets react to wall street's selloff and the recall of gm cars. we have more. >> reporter: here on wall street stocks were hammered by a huge tech selloff. the dow plunged 266 points, the third-biggest drop this year. and the nasdaq had the worst day since november, 2011, sliding nearly 111 points. asia markets tumbled too. the nikkei fell 2%, and hong kong half a percent. >>> and two are in trouble for the mishandling of the defect. in addition to the ignition switch, the recalled cars have another problem. drivers can remove the keys while the engine is still running. so dealers will place the ignition lock cylinders. >>> walmart plans to make organic more affordable. the world's largest retailer will offer a new in house line of organic food that's 25% less ucks and google is throwing in free frames or sunglasses for first time customers. >> 1500 bucks, i think i'm going to wait until they go on sale. too rich for my blood. jill wagner at new york stock exchange. thanks a lot, jill. >>> coming up, a political dodge. hillary clinton narrowly mis
. >>> and overseas markets react to wall street's selloff and the recall of gm cars. we have more. >> reporter: here on wall street stocks were hammered by a huge tech selloff. the dow plunged 266 points, the third-biggest drop this year. and the nasdaq had the worst day since november, 2011, sliding nearly 111 points. asia markets tumbled too. the nikkei fell 2%, and hong kong half a percent. >>> and two are in trouble for the mishandling of the defect. in addition to...
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gm's cars recalled for faulty ignition switchs remain on the road after a texas judge denied an emergency motion to stop the cars.the illinois attorney general launched an investigation into the business practices of herbalife. the stock fell to $55 dollars friday. the company denies the allegations. chris gersch of altimus capital is on the trading floor for us this morning. good morning chris. >>good morning angie. >>stocks are hanging tough, even with stumbles from google and ibm. >>you hit it right on. as far as the market is concerned it is holding on to whatever gains it had last year and the momentum has switched from a bearish to bullish tone last week. as far as traders are concerned there is parity. about 34% of the options is in a neutral based strategy. a lot of traders don't know where the market is going from here. >>what do you think about the performance and earnings coming from general electric? >>i think general electric is fantastic. even with that 2-3% gain that we saw on thursday. i think there is a lot of momentum to the upside. they have great world exposure and des
gm's cars recalled for faulty ignition switchs remain on the road after a texas judge denied an emergency motion to stop the cars.the illinois attorney general launched an investigation into the business practices of herbalife. the stock fell to $55 dollars friday. the company denies the allegations. chris gersch of altimus capital is on the trading floor for us this morning. good morning chris. >>good morning angie. >>stocks are hanging tough, even with stumbles from google and...
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why did gm replace the ignition switch in new cars but not the older models? why did gm think a memo about the size of key chains wu enough to solve the problem? why did nhtsa twice decide not to investigate and why not make the keys of the accessory position and air bags not deploying? did anyone ask why? for both are people talking to one another? did gm and nhtsa have a culture where people don't pass information up and down the chain of command? to borrow a phrase, what we have here is a failure to communicate and the results were deadly. a failure to communicate both between and within gm and nhtsa. today we'll ask them what they're doing to not just fix the car but to fix a culture within a business and a government regulator that led to these problems. this is about restoring public trust and giving the families and crash victims the truth about whether the tragedy could have been prevented and if future ones will be prevented. it is my hope and expectation today we'll not hear a blame game or finger pointing. the engineers and workers won't matter if th
why did gm replace the ignition switch in new cars but not the older models? why did gm think a memo about the size of key chains wu enough to solve the problem? why did nhtsa twice decide not to investigate and why not make the keys of the accessory position and air bags not deploying? did anyone ask why? for both are people talking to one another? did gm and nhtsa have a culture where people don't pass information up and down the chain of command? to borrow a phrase, what we have here is a...
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that makes more than six million gm cars recalled for various reasons since february. >>> new tonightper 4 over the scene as dive teams hit the water in prince george's county for repts of a truck stuck in the water. governors bridge road in bowie is near. divers confirm nobody was inside the truck. rescue boats searched around it with a helicopter providing a spotlight. they didn't find anyone. >>> we didn't have any rain to worry about. in fact, it was a beautiful day today. doug, can we enjoy this for a couple days? >> maybe another day, maybe another two. maybe another couple of days. temperatures today got up into the 60s and even the low 70s in parts of the area. take a look at the high. 67 in d.c. 70 in fredericksburg. 72 in culpeper. but we've got some unsettled weather coming our way. i'll break it down for you show you what to expect as we head through the week, coming up in a minute. >>> next at 11, a federal worker resigns after the death of a coworker on a business trip. months later, he landed a six-figure government job. the news4 i-team investigates how it all unfolded
that makes more than six million gm cars recalled for various reasons since february. >>> new tonightper 4 over the scene as dive teams hit the water in prince george's county for repts of a truck stuck in the water. governors bridge road in bowie is near. divers confirm nobody was inside the truck. rescue boats searched around it with a helicopter providing a spotlight. they didn't find anyone. >>> we didn't have any rain to worry about. in fact, it was a beautiful day today....
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a design flaw that lead to 13 people in gm cars, families who believed they lost loved ones to the deflect met with her before she testified, why gm waited ten years to address the faulty admission switches affecting two million automobiles. >> it comes down to money. they want money. they are just they don't care about our lives. i am an angry mother. my family is hurt. i will never forget that 4:30 in the morning knock at the door from troopers, i want justice. >> a congressional committee grilled the chief executive for two hours. >> donna barb reported, they aren't done asking questions. >> lining the back wall of the hearing room, pictures of 13 people believed to have died because of a deflect in a gm ignition switch that disabled air ball games, they got a public apology. >> the families and friends who lost their live or were injured, i am deeply sorrow. >> reporter: those looking for answers. >> you don't know why they didn't replace the switch? >> i don't know the answer. that is why we are doing this investigation. i can't answer specific questions. >> deflected many of the lawm
a design flaw that lead to 13 people in gm cars, families who believed they lost loved ones to the deflect met with her before she testified, why gm waited ten years to address the faulty admission switches affecting two million automobiles. >> it comes down to money. they want money. they are just they don't care about our lives. i am an angry mother. my family is hurt. i will never forget that 4:30 in the morning knock at the door from troopers, i want justice. >> a congressional...