Feds Get Pissed - Now Wants To Send Someone To Jail Over Deadly GM Recall

General Motor’s problem with the way it handled the timing of the ignition switch recall is getting more and more serious, as a source familiar with the proceedings has told Reuters the company is facing potential criminal charges.

The source, declining to be identified because the matter has not been revealed to the public yet, said the New York federal prosecutors are examining whether General Motors is liable for failing to properly disclose (and actually concealing it for 10 years) the condition that has been linked to 13 deaths.

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randy3023 - 3/12/2014 11:40:16 AM

0 Boost

This is what happens when you allow cronyism to infiltrate your organization's upper management.

There are too many managers at GM who do nothing more than golf, boat, and take home huge paychecks. As we've seen at Enron and elsewhere in the financial industry, these people will stop at nothing to protect their lifestyles. That includes hiding evidence in order to deceive shareholders and customers.

Good. Riddance.

JDMUSMuscle - 3/12/2014 1:29:54 PM

-1 Boost

Garbage Motors

Fix or Repair Daily

Crapsler

The big 3 of the U.S. auto industry = Building garbage with lazy workers for decades.

w222 - 3/12/2014 2:36:28 PM

+2 Boost

What's new? We've come to expect this type of dishonesty from large corporations. Too big to fail my ass... all those fat lying execs should be in jail.

MBCLS07 - 3/12/2014 2:49:28 PM

0 Boost

It's too bad the Feds aren't as interested in sending someone to jail for their own misbehavior e.g. Fast & Furious, IRS scandal, Benghazi, Obamacare rollout, etc.

TheSteve - 3/12/2014 6:51:27 PM

+1 Boost

Did anyone go to jail over the exploding Pinto fuel tanks? In the auto industry, bean-counters have a formula:

IF body_count x average_settlement$ > cost_of_fix THEN do_fix

HughJass - 3/14/2014 8:45:50 PM

+1 Boost

Sadly, that is 100% true.

WelcomeLexusIS - 3/13/2014 10:04:14 PM

+1 Boost

With this evening's news of GM's faulty airbags contributing to over 300 deaths, I think GM will fail again as customers will be scared away just thinking of how many people have died due to these defects. NHTSA made a big deal about runaway Toyotas, but over 300 people dying in Cobalts and Ions over the course of decade because airbags did not deploy in non-rear end crashes and it going unnoticed? GM is probably looking at some pretty dark days ahead. NHTSA's credibility looks to be going down the tubes as well.

HughJass - 3/14/2014 8:46:47 PM

+1 Boost

Now that Obama doesn't need the union vote, I guess he can just throw GM under the bus.