"Literally, silence can kill," Transportation Secretary Anthony Foxx said at a May 16 press conference as he announced the maximum legal penalty of $35 million against General Motors.
The nation's largest automaker had failed to properly report safety problems with defective ignition switches in millions of its small cars. The switches, linked to 13 deaths, had problems since 2001. Yet only this February did GM start recalling 2.6 million of the cars. Additionally, on May 20, GM issued other recalls, bringing this year's total to 13.5 million vehicles, the highest in GM's history.
GM is now under investigation by the Securities and Exchange Commission, the Justice Department and U.S. Attorney's Office in New York for the switch problem.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
