GM CEO Mary Barra to Testify Over Recall
The National Highway Traffic Safety Administration has delved into a General Motors recall that took over a decade to report. The recall, which has been issued because of a faulty ignition switch, has been attributed to over a dozen deaths. On April 1, GM CEO Mary Barra will testify at a U.S. congressional hearing, along with NHTSA Acting Administrator David Friedman. GM has been aware of the defect for well over a decade, where the ignition switches can slip out of the on position and cut off power. Barra claims to only have heard about the issue back in December, and will testify to cooperate with Congress and other authorities on behalf of the automaker. Speaking about Barra and Friedman's testimonies, Fred Upton, House Energy and Commerce Committee chairman, said "Their testimony is critical to understand what the company and NHTSA knew about the safety problems, when they knew it, and what was done about it. We want to know if this tragedy could have been prevented and what can be done to ensure the loss of life due to safety failures like this don't happen again." On top of the upcoming testimony and hits to the company's reputation, GM is also facing criminal charges. But thanks to its bankruptcy immunity, the company isn't responsible for deaths, accidents, or other personal injury and property damages before July 10, 2009. Barra has said that the company hasn't been in contact with the families of those who have died because of the defect, and upon the conclusion of the investigation may do so, and compensation to those family members is still up in the air. Source: Bloomberg
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