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  Topic Review (Newest First)
06-06-2014 08:05 PM
2b2
Re: GM's Barra says she'll likely testify before Congress

just stickied this thread for updating...
(MODS feel free to merge other threads into this one
& we can update the thread-title too)

The old GM still haunts Mary Barra, Mark Reuss - FreePress
Mark Phelan
June 6, 2014


The unfolding horror of the ignition switch crisis is a bitter pill for engineers and GM lifers like CEO Mary Barra and global product chief Mark Reuss, who chafed under the old cost-driven culture that created so many mediocre and poor vehicles. The two engineers knew they had a chance for a fresh start for GM after bankruptcy.

“We got professional at rationalizing” why GM’s vehicles weren’t better, Reuss told me last year, months before the current crisis. “That was humiliating to us as engineers. We knew we could do better.”

He and Barra worked side by side in those days and believed they had turned the corner when Consumer Reports chief of automotive testing declared last year: “The new vehicles GM has introduced post-bankruptcy have been hits. Clearly, car people are now in charge.”...

More... & VIDEO
05-20-2014 10:33 PM
nruggiero
Re: GM issues 4 more recalls

Quote:
Originally Posted by wingsnut View Post
So you are OK with tens of thousands of families suddenly losing their livelihood, future investments, deeper depression for the nation, untold suffering, etc......just to teach a lesson to a few execs?
It's going to happen anyway when the Federal Government defaults on its debt.
05-20-2014 10:06 PM
wingsnut
Re: GM issues 4 more recalls

Quote:
Originally Posted by nruggiero View Post
That's why I have always been against bailouts for 'too-big-to-fail' organizations. People must experience the consequences of their horrible actions, so none of this crap will ever happen again.

Also, I wouldn't say Barra (the GM lifer) is innocent just yet.

So you are OK with tens of thousands of families suddenly losing their livelihood, future investments, deeper depression for the nation, untold suffering, etc......just to teach a lesson to a few execs?
05-20-2014 09:34 PM
nruggiero
Re: GM issues 4 more recalls

Quote:
Originally Posted by 2b2 View Post
just my impression (not following this very closely) is that it's gotten to point of being NUMB to further GM recalls
otoh
I sincerely hope there's prison time for pre-MaryBarra execs
(as opposed to eventual executions for 2008 bankers)
That's why I have always been against bailouts for 'too-big-to-fail' organizations. People must experience the consequences of their horrible actions, so none of this crap will ever happen again.

Also, I wouldn't say Barra (the GM lifer) is innocent just yet.
05-20-2014 08:06 PM
The Voice of Doom
Re: GM issues 4 more recalls

GM is going to be fine. NHTSA dropped the ball on the recalls as much as GM did, GM decided to respond by turning every service bulletin into a recall because they really do want to come clean, and they learned from their time being run by the Feds that there's nobody in their organization that can be as corrupt as the Feds. It's unfortunate that people died, but they died due to a chain-reaction of events, not some blatant design flaw (ie. exploding gas tanks). This is why NHTSA themselves were probably so slow on the draw-a recurring trend with certain folks as far as this topic is concerned.
05-20-2014 06:07 PM
2b2
Re: GM issues 4 more recalls

just my impression (not following this very closely) is that it's gotten to point of being NUMB to further GM recalls
otoh
I sincerely hope there's prison time for pre-MaryBarra execs
(as opposed to eventual executions for 2008 bankers)
05-20-2014 02:16 PM
wingsnut
Re: GM issues 4 more recalls

GM can’t get a break. I was watching ‘Failure to Recall: GM’ on cable last night, aired for the first time, and it was so incredibly negative for them. Probably on YouTube by now. What hurts most, is that they did it mostly to themselves. It was not a Perfect Storm they went through, but in fact their fault. Many will see it that way anyway, and their image is so damaged it will probably take years to recover, not months. And the effects in sales have not really been felt yet, but they will. Unless GM stirs up another fire sale when things get real bad.
05-20-2014 01:11 PM
davidlane
GM issues 4 more recalls

GM issues 4 more recalls covering 2.4 million vehicles, suspends sales of 2009-2014 full-size crossovers and 2015 Escalades


This is a headline on Automotive News and has been announced on TV. Details to follow.

Link to the GM press release:

http://media.gm.com/media/us/en/gm/n...20-recall.html
03-18-2014 11:26 PM
SP1966
Re: GM's Barra says she'll likely testify before Congress

The Pinto killed 27, GM has killed how many? Not good.
03-18-2014 11:13 PM
Ed753
Re: GM's Barra says she'll likely testify before Congress

They were reporting on the news today, that she found out Jan 31st, roughly 2 weeks after taking the top spot.

I also heard, that because of GM's Bankruptcy, they likely would be held liable for civil cases, (but likely to privately settle on a case-by-case basis) however the Bankruptcy wouldn't shield them from possible criminal cases.
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