amy: you met with mary barra, as the correct?about the meeting, the ceo of general motors. >> i found her to be extraordinarily cold him actually. you have to picture the room. we're in a very large conference room. 30 family members, kleenex in front of each and every one of us. mary barra at the head surrounded by her to attorneys. and each family member told their story. there was not a dry eye in that room -- with the exception of mary barra and her to attorneys. she said the same thing over and over again, "i'm so sorry for your loss." when i asked her about what they were doing and with a be willing to park those vehicles, she would not answer me, saying this was under investigation. ask about pending legislation to improve auto safety. this is democratic senator richard blumenthal followed by democratic senator ed markey, who you have worked with, laura cristian. >> senator markey and i are here today to urge you, general motors, to address the unconscionable acts of your company in failing to disclose serious defects and

what is next for the company and for mary barra? we will explore that and more when we come back. ♪ matt: good morning and welcome back to the bloomberg market day. julie hyman joins us now. a check on the action we are watching today. a lot more going on today than we saw yesterday. julie: it is not unusual when you have a fed decision or fed statement or lack of decision in this case, it takes a little while for the repercussions to be felt around the market. you see volatility in the wake of the statement or the press conference. it comes back to the united have all theu strategists who've had time to think about it and write their pieces. it seems to be the general feeling among strategists that the fed's decision to not move reflects trepidation about the global economy. that seems to be helping contribute in the selloff today. traders have this uncertainty out there because the fed has not moved. all of that contributed to declines. if you take a look at what's going on with the sectors today, you have all the groups within th

so why did mary barra, knock jenny out of the top spot. >> she's overall been doing better. mary became ceo of general motors and was faced with a huge crisis. that massive recall of the ignition switches that you guys reported so much on. but she acted swiftly. she responded very quickly, calmly and with authority and while there are bumps at ge compared to gm, the whole theme of this list, tyler and sue, is guts and grips. all of these women leaders are tough. you look at dupont, pepsi, these women had to fight off activist investor peltz and they are tough. >> new names on the list, also, lots of them and some of them were a lot younger than perhaps traditionally that would make that list. tell us about that. >> 11 knnewbies. a surprise higher at google, she worked at morgan stanley for 30 years. she's not in the ceo or anything but investors really like having her. she's also going to be part of the new alphabet holding company, the ceo of that and when she did her first earnings call, sue, the stock went up so that google's market value went up by $65 billion. a powerfu

um, mary barra.is an interesting story for me, of someone who came to power and immediately faced a crisis not of her making. almost had to deal with one shock after another, calling on every leadership skill, every capacity to communicate she has. pattie: and she has done a fantastic job at gm. and she is our new number one this year. she displaced ginni rometty, the ceo of ibm, who has been number one on the list ever since she became, ginni rometty became ceo of ibm in late 2012. she has been number one on the list for the last couple years. she is doing a big transformation of ibm that involves sacrificing some revenues. she's had many quarters of revenue declines. and mary barra has not had an easy time and not gotten the stock up, but she has done a better job with the stock -- gm stock is doing better than ibm. we look very closely at the stock performance under these leaders. mary barra is in a way, charlie, very sort of a classic female ceo appointment, because the history of big time female

today in her comments, mary barra told employees, people died in our cars. now prosecutors are trying to say this is a clear signal to the auto industry that they have to be more up front and act more quickly when they know about safety problems. here is u.s. attorney pree preet bharara. >> ask anyone in the transportation industry, and they will tell you these cases have been somewhat of a watershed. there's been more recalls, more attention to safety, more attention to transparency with regular lay gors and more focus on how to keep the driving public safe. >> this, of course, is the second big safety settlement in two years. last year, toyota had to pay a $1.2 billion fine in a similar case. frances? >> the ceo is calling this a tough agreement. where does it go from here? >> they did get what was essentially a form of corporate probation. if they keep their nose clean for three years, they have to reform and change the way they handle safety recalls. and then the government will drop the prosecution. but gm clearly hopes and mary barra clearly hopes this

. >> we have a new number one this year, mary barra, ceo of gm.he dealt with this horrible crisis in the past year. she took over the job and then immediately after sort of inherited the crisis. it wasn't under her watch but the way she led the company out of it, still dealing with it but the way she dealt with the recall and the way she is contrite and immediately took responsibility and kind of exemplary leadership. >> you talk about how so many of these women lead traditionally male-led business, lockheed martin, hp, general motors, et cetera. a lot of them steering companies through crises. >> when we started to do the lists the women were in media, advertising or beauty business. those are big businesses but what we have seen over time is they are running -- like you said, lockheed martin t general dynamics, hp. the biggest giant industrial companies and many of them, as you say are leading them through incredible crises, especially this year. ellen coleman of dupont. mary barra, pepsi. >> the youngest woman on the list is taylor swift. it is

. >> reporter: a contrite mary barra, gm's ceo, calling it a tough agreement. >> it further highlights the mistakes that were made by certain people in gm and it imposes significant penalties and obligations. >> reporter: obligations that barra says gm is committed to honoring. gm said it will pay $575 million to settle nearly 1400 death and injury lawsuits stemming from the faulty ignition switches. gm faces another 450 lawsuits. six of those scheduled for chuck. >> all right, david, thank you. >>> new at 5:00, the federal reserve made news today by not doing something. decided not to raise interest rates. board members cited three primary reasons, the weak economy and the global situation. persistently low inflation and the unstable financial markets. many investors were concerned a rate increase might lead to increases in interest rates on consumer loans and push the economy in the wrong direction. fed decision was unremarkable. the dow was down about 65 points. the nasdaq was up nearly five points at 4893. the s&p was down 5 points, ending trading at 1990. >>> still ahead, we're ge

but officials say gm under the ceo mary barra has been cooperative with federal investigators, admitting that the company concealed the problem. >> repeatedly, individuals failed to disclose critical pieces of information that could have fundamentally changed the lives of those impacted by the faulty ignition switch. >> gm gets credit for cooperating with federal prosecutors, reducing the potential fine. >> reporter: officials familiar with the case say no current or former gm employees will be charged. separately 308 victims and family members have accepted compensation from gm of at least $1 million each. lester. >> pete williams in washington, thank you. >>> in europe, the crisis took an ugly turn as hungarian po.lice turned tier gas and water on migrants, including women and children desperate to cross the border. many escaped wars. all survived a long and dangerous journey to see the door to a better life violently richard engel was in day. >> reporter: they made it this far but got here too late. hundreds of might rants and refugees are now stranded on the wrong side of the border.

mary barra said in an employee town hall this afternoon that the company is committed to change from the inside. >> i have said many times i wish i could turn back the clock. if we could, we would, but we can't. what we can do is make sure we respond in the right way, and we have done that in this case, and we will continue to do so in everything. >> reporter: there is currently legislation proposed in the senate that would make miviolations of car safety standards a crime. lobbyists, including g.m., have fought that in the past. >> pelley: well, there was a lot of speculation this this would be the day that the federal reserve raised interest rates for the first time in nearly nine years. but if wasn't. anthony mason has been looking into what happened. anthony. >> reporter: scott, fed chairman janetielen held off. in a news conference she said the recovery has reached sufficiently far that an argument to raise rates could be made but she said the slowdown in china and other countries bears close watching and the fed which has kept rates near zero since late 2008 has voted to keep t

but ceo mary barras says her company is not putting the ignition switch scandal behind them. >> we didn't do our job. and it's part of our apology to the victims, we promise to take responsibility for our actions. >> reporter: gm has also agreed to potentially settle more than 1800 civil lawsuits involving owners of defective cars. that will cost the company more than a half billion dollars. these settlements mean many but not all of the legal cases surrounding defective ignition switches have been resolved and general motors has moved a step closer of getting out of a cloud of scandal that has rocked the company for the last year and a half. phil lebeau, "nightly business report," chicago. >>> american airlines resumed flights after computer problems briefly grounded some flights. the flights affected were at three airports, chicago's o'hare, dallas/fort worth, and miami. 300 flights were delayed and the ground stop lasted two hours. americans apologized for the inscreens and says the issue was not hacking related. >>> verizon warns about future earnings. the company says earnings may pl

mary barra took over in 2013, g.m. has agreed to compensate victim and their families at least $1 million each. the company has also paid a $35 million fine to the national highway traffic safety administration and fired or disciplined 20 employees as a result of an internal investigation that uncovered a lack of accountability company wide. >> while everyone who was engaged on the ignition switch issue had the responsibility to fix it, no one took responsibility. >> the justice department plans to announce date of the settlement today. five months after a federal judge ruled g.m. is not liable for death and injury claims in crashes before 2009 saves g.m. from $10 billion in potential claims, randall. >> just ahead, a show of support for the texas teen handcuffed for making a clock. he is being invited to spend time at the white house. >> as the global refugee crisis intensifies... >> they have travelled for weeks, sometimes months. >> and the e.u. struggles to cope... >> we don't know, they stop us here. >> what's bei

warren buffett and jeff bezos as mary barra are expected to attend.hose are just some of the top stories we are following for you ahead of the fed announcement today. coming up in the next hour, highlights from tom keene and michael mckee's exclusive lastrsation with ray dalio night. plus, stay tuned for the acquisitionltice's of cablevision. new yorkers may finally get a better choice of cable. the second republican debate left note weston's about what many candidates think about the iran nuclear deal. we will hear from bill cohen. those stories and more are ahead on the bloomberg market day. for the faton day after nearly a decade of historically low interest rates. today could be the day the chair yellen announces it could be time to start normalizing. aboutst guest says it is time. he joins me with a look at why he thinks a rate hike would be good for markets. would be a surprise, wouldn't it? right, we are about 25%-20 8% in favor. , the expectation for a rate rise will be much higher. if you go back a couple of months, the bond market will refle

and gm's mary barra suggesting she can go it alone and she doesn't need a tie up with fiat chrysler.iston is senior equity analyst with morningstar. good morning. >> morning. >> is it in share holders interests not to do a deal with chrysler? >> i totally agree. i do not think gm needs fca at all. gm is merging with themselves still. it makes no sense to throw the divisions of fca on top of that. there's a lot of product overlap. gm can get the scale that they need without fca. >> okay. let's talk about tesla and this electric car from porsche at the frankfurt motor show. bmw launched their own. perhaps not sold as well. how big is this threat from the germans? >> it's going to make the space more crowded for tesla. at the same time it may spur more interest in these two. what's interesting about that new concept vehicle from porsche is the voltage is much higher, roughly 800 volts. the tesla super charger is about 480 volts. that's why there's a faster recharging time. if you're porsche, you have to have the infrastructure in place. >> what about the stocks in the sector, ford for t

>> mary barra. the ceo of general motors. we have a new number one this year.ise to us because ginni rometty has overseen 13 quarters of revenue declines and mary barra has not had a fun ride at gm. >> a rough, rough ride. >> and she's done a really good job. >> in what way? >> this is a $156 billion company with the biggest -- its biggest crisis in decades, and she has handled it with calmness and authority, and name a ceo who could have done a better job than mary barra did. the stock has not done well, but no leader could preside over that company and get the stock up at this time. and she's controlled the crisis. >> that's interesting. we always talk about sometimes women take over when things are sort of at their end. have you seen that? >> the ship's going down, let's make history and pick a woman. yeah! >> and then when the ship doesn't immediately turn around, it's like, well, we shouldn't have tried that woman. i think there's a tendency to do that, and there's a silver lining in that which is that crises in a time of opportunity. it's a time to take b

you have mary barra. dave coty from honwell. bob iger from disney. ellen coleman, john chambers, all there meeting with the president of china. the list goes on. from the tech sector, you got tim cook, jeff bezos, satya nadella. howard schultz, not so much tech but one of those seattle companies, west coast. why is it so important for these guys to be talking to him today? >> they're doing robust business in china even though there is a slowdown right now. you have companies like boeing, announced a huge new deal. 300 planes will be sold to the chinese now. that is $3 billion, plus they're now investing in a new plant. boeing has never done that outside of the u.s. before. so it is a really big move. but i caution you to also think about who is not there among the tech titans. ceo of google is not there. ceo of facebook. interrim ceo of twitter. all not in attendance because their services are largely if not completely blocked in china. they're not able to do business there. that is coming on heels of president xi in a dinner with howard schultz that

the top three are mary barra of general motors, and the restructurer of ibm and local executives includehitman at h.p. and sheryl sandberg from facebook and marissa mayer of yahoo. >> apple a day really does the doctor away. >> a new take open san francisco housing moratorium and the plan to curb sky-high prices in the mission district may not work. >> in san jose, firefighters are on high alert during the heat wave. they are still on the scene of a grandson fire 12 hours after it started. why thousands of students in the south bay are going to be backed by -- impacted by the heat. >> become with remark and weather today everything you need on know before we head out the door and we will keep you the door and we will keep you updated during and disneyland is ours!" my frightful fiends, "going down!" "boo!" screams don't miss the wicked fun of halloween time at the disneyland resort, dazzling brighter than ever during the diamond celebration! visit disneyland.com/halloween "trick or treat." what can i make for you? how about our new flavor-packed italian hero? with three authentic italian

gmc, mary barra, said that the company is necessary steps to prevent 24 from happening again. >> i haveid many times about how sorry i am by what happened. and on behalf of all of us, i have apologized to the families who lost loved ones and to those who were injured. and i do so again today. we let those customers down in that situation. we didn't do our job, and as part of our apology to the victims, we promise to take responsibility for our actions. >> under the terms of the agreement, general motors will be watched by an independent monitor. it's important to note that no charges were brought against any current or former employees, but the justice department says that that could always change. erika? >> so bisi, we understand that this $900 million is not the only amount that the company will have to pay out. there's another settlement? >> yeah, we learned today that the company has reached settlements with additional victims, and that amount totals to about $575 million. and so far to date, we have looked at the tally, and gem motors has put out about $2 billion on this defect. >>

warren buffet, mary barra and tim cook to name a few. echoing what he said in a speech last night about china's faltering economy president xi told attendees he's aware of the economic risks and challenges and that steps are being taken to address them. he also said china can maintain a high rate of growth for a long time to come. honeywell ceo told us before the meeting that he would raise a number of concerns. >> state owned enterprises need to become more open. they should open up their air space. there's huge swaths of the country you can't fly over. >> the ceo of dow chemical spoke with us after the meeting and said cyber security was topic one. >> commercial attacks on companies like ours are real. they're real and they're from china. the chinese can no longer turn a blind eye to that? >> is it the government attacking you? >> i'm not going to give you that information but they're coming from china. companies of high-technology capabilities like ours this is our number one, number two, and number three concern right now so the appr

biggest world business leaders tomorrow; warren buffett, tim cook, jeff bezos, howard schultz, mary barra, all of them getting face time with xi jinping as the race to become president took a dramatic turn last night. governor scott walker withdraws. who will benefit from his departure and who is next to get out? we've got it all covered for you, the markets, politics, the pope. we're less than an hour to the closing bell. this is your money, you've not to watch it, so let's start the "countdown." ♪ ♪ liz: a volatile day on wall street and the dow is on track for its 20th one-day point decline of at least 200 points. there were just 12 last year, so that puts it into perspective. here's the question, are we going to see a comeback? how do you play are it? let's get right to the floor show, bring in our traders, steven guilfoyle, read your early note this morning. you said, really, batten down the hatches, buckle up. it's going to be a tough day, and sure enough, it is. why are we seeing these falls in the market? >> you know, you can blame this on a number of things. you want to go to com

. >> reporter: a contrite mary barra, gm's ceo, addressed employees shortly after the announcement, callingit a tough agreement. >> it further highlights the mistakes that were made by certain people in gm and it imposes significant penalties and obligations. >> reporter: obligations that barra says gm's committed to honoring. chris clackum, nbc news. >>> now your nbc 10 first alert weather with meteorologist sheena parveen. >> well, we're going to start the weekend very nicely. a lot like the weather we had today and yesterday and what we'll have tomorrow. the same weather pattern in place, still seeing clear skies outside. center city looking beautiful, not one cloud in the sky. the warm air will continue into the weekend but we will see changes by the end of it, so just in time for the eagles home opener sunday. we have cooler weather moving in, coming along with cloud cover, then a bigger cool down and start off next week with fall like temperatures coming in. mid 80s through the lehigh valley. mid 80s in philadelphia, 85 degrees, same thing glassboro, 82 millville, 81 degrees in dover.

the top woman mary barra from gm and we have three women from top tech company cans, ibm, xerox and soth. we have got top women from ceos from defense companies. you didn't see that a few years ago. >> but what's so interesting is 1998. >> then 1998. >> your first list. >> carly fiorina was the first most powerful women. she was at lucent technologies then. she was known for her political skills because at the time lucent was undergoing the largest ipo in the history of the united states. she was known there for her political skills as she was at hp. i know a lot of people are critical of her business leadership there. she is definitely known for having political skills. and by the way there is political figures on that list like meg whitman who run for governor, the current list and will probably be in public policy again. people talk about cheryl sandberg of facebook possibly pursuing a political career. it's a list rich with political spin. >> wonder how these very successful women could all of a sudden become so delusional to think it would be more fun to be in politics. that he wa

we were able to take this photo to show you some of the seating arrangements general motors ceo mary barra will be there. warren buffett will be there in. tim cook. the list as much longer than that. we're going to be able to find out what xi swrin ping told them, and we'll you that later in the day. meantime, we've already heard from the chinese president. he made a speech last night in a very big dinner with -- he mentioned the stock market, which, of course, halftime report has been so focused on what's been happening there. xi jinping defended the government's interventions and efforts to prop up the stock market. they said did it to prevent systemic risk. mature economies have done this before, and he didn't site who specifically. then he made this comment. he said that the market had now come to a moment of self-recovery and self-adjustment. it's not clear if that means he thinks that the selling that we have seen recently is over or not, but certainly waded into the waters and the controversy about their efforts to manipulate the stock market in their country. guys, back to you. >>

s chief mary barra summed up the auto-maker's perspective at an employee town hall. >> this is a tough agreement. it further highlights the mistakes that were made by certain people in gm and it imposes significant penalties and obligations. >> sreenivasan: g.m. also today said it'll spend $575 million dollars to settle civil lawsuits. let's learn more about this settlement and the questions surrounding a lack of charges. david shepardson of the detroit news was at today's press conference and joins me now. it seems that we kind of learned today the limits of the law. gm wasn't necessarily found guilty of the ignition switch problem, but more of the wire fraud connected to the cover-up. >> it's basically the same charge the federal prosecutors have used for years for gangs and different crimes, you know, using a telephone or any electronic device across state lines. the u.s. attorney said there is not a statute that makes it a crime solely for an auto company to sell defective vehicles. and they were not able to determine whether individual employees, you know, were engaged in a cover-

mary barra says it plans to add more self-driving features and enable services through smart phone app. you can use an pp to import preferences such as seat positions and mirrors. >>> amazon has rolled out a program in its hometown of seattle to offer one-hour delivery using a network of independent contractors. the "wall street journal" says under the service amazon flex people sign up for shifts through smartphone app and alert when they should pick up packages. >> we're totally testing this theory out. one hour. we can get coffee on national coffee day. we can order video games, anything. world is at our disposal. >> sit around and play games and drink coffee. >> it's kind of what i do. >> you feel me here. >> my map tell the kids they look like video games. i tell them i play video games and drink coffee and watch tv. >> hang out with your friends. >> just chat. >> pass out at the sofa. >> and you get paid for it. >> off the sofa outside today what is in store, kari? >> it is cooler and more clouds. maybe you can leave the sunglasses at home. only see the sun peeking out every now

a problem that has bogged down mary barra from the first day she took over. g.m.settle a criminal investigation into faulty ignition switches, paying $900 million. a jam report said company engineers and laurier's new about the defect for years. jam report said company engineers and lawyers new about the defect for years. it is blamed for 100 deaths. a deal valued at $18 billion, altice buys cablevision. they are based in new york. altice is controlled by a french billionaire. by settlingalso communications. migrants areary's looking for another back door. they poured into croatia. 6000 refugees have arrived in the past 24 hours. it started after hungary shut their border with serbia. ian police are using tear gas and water cannons. those that enter hungary illegally are being arrested and tried under new laws that make crossing the border illegal. jinping will speak in seattle on a trade program between u.s. and chinese companies. among those attending are warren buffett. mary barra is also expected. a key issue is whether china plans new limits on access to its

challenges and what mary barra has done -- robert: she raised the bar.ructures in place to make sure that does not happen again -- she has done a great job. tom: you see the turnaround, the good move competition between gm and ford and the rest, where do you see the american auto industry in five years when you have got vw in tennessee, carolina, and many others manufacturers? robert:robert: you have got to here.es putting plants you have got a plethora of competition. they see this as a very attractive market. have the customer centricity that they had. the aspirational interior design we were talking about, so they saw an opportunity to come in. they will be competitive. tom: bob nardelli, thank you so much. michael mckee on the pope. the pope will arrive at the white house about an hour from now. it will be interesting to see if he pulls up in that little car and gets out. the pond and thorough money the people gathered, the pope's visit to america gets underway. ♪ >> good morning it is 8:00 on wall street. the dog that did not bark. china gets bad ne

mary barra has come out and said, she is not interested in a tie up with sergio and fiat chrysler.ociate with the company continued to push at that. i want to look at hotels today. they have been trading down because pebble brook said it is revenue per available room would not reach the outlook previously forecast. that has been a problem for hotels across the board. this week was not going to get as much traffic as they had previously. have you been staying in any of these hotels? >> i have a one-year-old. not so much. quite thank you for your let's look at some of the top stories crossing the bloomberg terminal this hour. senate republicans will try second time to move on a resolution rejecting iran as emerald power. democrats are ready to block the president has is for policy -- the president's policy intact. an iranian firm has broker the first deal on the historic agreement between iran and other world powers. to buyed an agreement french brands to two airport hotels. under the contract, the tourism company will use the brands starting next month. they are both owned by french

maryborough's background -- mary barra focuses a lot of things on how they can save money, a lot of thingsy cannot see. so as they come up with the malibu, the camaro, presumably they will find some savings underneath. us: elga bartsch is with from morgan stanley. autos are so important to a nation's prestige and confidence . are there too many autos in the world today? is there too much manufacturing? so.: i don't think there is still a large desire for mobility, but it is interesting to see that the young generations are less keen than older generations to actually buy their own car. they go into sharing schemes or just to medicate with their friends via electronic media. tom: i think it is a general change -- a generational change coming up. interesting. hour, j.p. morgan chase international, jacob frenkel will join us. he is just back from jackson hole. we will speak with dr. frankel about any other topics, including the ghosts of 1998. this is "bloomberg surveillance ." ♪ morning, everyone. coming up, we will take a dive into renminbi and yuan and we will look at the morgan stanley ou

mary barra went through of all of -- went through all of these troubles, but she had just gotten therewe're hearing reports that he's going to be out friday. friday is the big meeting, but they could be meeting tonight according to reports. it could be a short remainder for his tenure. those are the reports coming out now. not confirmed yet, but he could be replaced or removed as soon as this evening. as someone was saying, on the one hand he has this great relationship with the families that control volkswagen. on the other hand they have lost $20 billion in market cap for the last two days and is not usually the kind of performance that gets rewarded with a contract continuation. matt: not a great relationship with [indiscernible] obviously, who was pushed out after he tried to throw him out as ceo. let me ask you, ed, we have seen a lot of auto industry scandal recently with the conduct, general motors, toyota. none of those executives were thrown out. none were brought under criminal charges. do you expect to see any of that here with the volkswagen case? ed: i'm not sure about cri

scarlet: maryborough -- mary barra can move on from this?have a memorandum of understanding with 1385 people who were affected by this ignition switch issue. there are 370 injury cases open and 84 wrongful death claims open. they are trying to reach agreements. can feinberg runs the $625 million fund. tim -- as pimm and i were speaking, on the operational side of the business, she has done a great job. i think this issue is pretty much behind general motors. today's federal reserve meeting is the most crucial news of the market day. which arguments are more in favor of the fed raising rates. persistent low interest rates over the next few years, or are people spending time on the global slowdown saying don't raise interest rates now? scarlet: loan face and -- low inflation. there has not been a width of inflation near the fed target rate of 2% in years. joining us with the afternoon to kick us off as we count you down toward that decision is alice rivlin. former director of the omb and congressional budget office. thank you for joining us. w

you can see general motors ceo mary barra is sitting there with tim cook on her right, warren buffett on her left. seattle is no stranger to chinese leaders. believe it or not, every modern chinese leader who has come to the united states has visited seattle. let's start with hu jintao, the president sisor to xi jinping. back in 2006 he and his wife visited seattle before going on to meet with the president at the time and then in 1993 there was also meetings with bill clinton. they all go to boeing headquarters to see the manufacturing facilities. and then deng xi penguin in 1979 also visited seattle. we're showing you the texas video because it was an acaanic moment in u.s./china relations when he went to a rodeo in texas. he went there, ate barbecued spare ribs. he wore a cowboy hat, a ten gallon hat, watched bronco busting, steer roping, rode around in a stagecoach, and then went on to do the more mundane things, signing an accord with president carter at the time, going to big dinners in atlanta. but that was an incredible time in the history of u.s./china pi and people are wonde

a year ago, i was asking about mary barra and general motors., about sergio marchionne he had a big push to merge fiat chrysler, which he runs. carlos said, listen, i talked to sergio, of course. run theecause i would automobile manufacturing association and i have talked to him at least once a month because we are both at the meetings very i asked him today what he thought about other carmakers involved. do they need to change the way the diesel engines run? look at what he told me. putting -- reminding inrybody about what remains order to have better emissions, better fuel efficiency, etc.. every single member of the association to make their own statement about what they are and what kind of devices they have and what technology. it is much more in issue for every car manufacturer. ultimately, we want to as much as reinforce existing between one side and consumer on the other. and enginesl leg could not pass the test, why would bmw be able to? they make a ton of vehicles in the market. mercedes makes a ton of cars that are all passing emissio