General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
Lawmakers put Barra on the spot, telling the CEO she should have fired GM’s corporate counsel, Michael Millikin, based on the conclusions of an internal report.
Buffett decided it was time to upgrade his ride after GM CEO Mary Barra pointed out improvements to Cadillac cars since 2006.
Seasonally Adjusted Annual Sales Rate hits 17 million for the first time since 2007, as customers ignore recall news.
General Motors is recalling at least 7.6 million more vehicles dating back to 1997 to fix faulty ignition switches as the company’s safety crisis continues to grow.
General Motors says it needs to change or replace the keys for about 3.4 million cars because they could cause the ignition switch to move out of position if they’re carrying too much weight.
Carmaker says 2000 to 2014 model years have new type of ignition switch problem
GM CEO Mary Barra says 15 employees — many of them senior legal and engineering executives — have been forced out of the company
General Motors recalled a small number of Pontiac G6 midsize cars to fix a faulty brake light system in 2009, yet waited more than five years to call back over 2 million other cars with the same system.
General Motors CEO Mary Barra has told Washington lawmakers that GM could simultaneously release an internal investigation into a deadly ignition switch problem and its plan to compensate victims.