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General Motors - Page 8

General Motors knew as early as 2004 that its new Chevrolet Cobalt had an ignition switch that could inadvertently shut off the engine while driving, according to depositions in a civil suit against GM obtained by USA TODAY. In the recall announced last Thursday, GM said it knows of at least six deaths in five Cobalt crashes in which airbags failed to deploy as a result of switch failure. Ref. USAToday

Motors General

Government fines GM maximum $35M for defective ignition switch recall delay

General Motors has said it knew about the problem for at least a decade, but didn't recall the cars until this year. At least 13 people have died in crashes linked to the problem. Ref. USAToday

General Motors Reviews Consumer & Travel Family Culture

GM profit tumbles on $1.2 billion recall charge; expects to pay switch victims $400 million

Automaker reports second quarter net income of $200 million. The compensation fund has no cap and could rise to $600 million, GM says. Ref. USAToday

Page 8 Motors General

GM earns $1.1B in Q4, $2.8B full-year after recalls

GM nets $1.1 billion in Q4; full year is $2.8 billion after $2.8 billion recall costs and $1 billion for global restructuring. Ref. USAToday

Motors General

CEO Mary Barra says General Motors will lead in the development of self-driving cars

General Motors CEO Mary Barra told USA TODAY that GM is well positioned to thrive as transportation enters a new self-driving revolution. Although GM has "A lot of efforts that are confidential," The company has disclosed that its Cadillac division is working on a "Super Cruise" System that will ease the workload for drivers on highways. It also already has a fleet of self-driving, semi-electric Chevrolet Volts at one of its test facilities. Ref. USAToday

General Motors

General Motors to lay off 2,000 workers in Ohio and Michigan:

The plants affected by the layoffs build cars for Chevrolet and Cadillac, Fortune reported. Ref. Source 9o.

General Motors - Page 8

General Motors says it will immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities. Ref. CNN.

General Motors Culture Family Travel & Consumer Reviews - Page 8

If the plant was seized by authorities doesn't that halt operations? I think any US company that is operating in Venezuela is risking a lot as the Venezuela government does not like the US government at all. These companies are just asking for trouble.