Page 40 - Engineering Team News Today

Thank you, mr. Chairman. Ms. Barra youve mentioned several times in your comments todays gm. So my assumption is that you are going to run gm in a different manner than it has been run in the past . And that thats correct. And you are making some changes. I want to ask you just a little bit about time line. Helping us to get our hands around this because this is the first investigation were going to do. Were going to have others. And continue to look at this to get answers and figure out what ha...

Override and to use this part even though it didnt meet specificication . Was that made at the manufacturing level, at the executive level or even at some subcomponent purchasing level . Do you know that . Thats part of our investigation to find the answer to that question. Thank you. Thank you, mr. Chairman. You can watch this entire hearing on our website, www. Cspan. Org. We invite your feedback on this issues bought Light Program on the gm recalls. Call this week, we will be focusing on pres...

Assistant u. S. Attorney and before that, i clerked for the honorable vincent j. Brennan of the Michigan Court of appeals. As you are aware, the investigation conducted by Anton Valukas revealed the failures behind the ignition switch recall including failures on the legal staff. When ms. Barra testified before this committee on april 2, a number of you, including you, chairman mccaskill, raised serious and important questions about the performance of the legal staff. And our responsibility in t...

Yes. And for some reason, though, the new switch was not given a part number and instead shared a number with the original defective switch. Is that correct . Yes. Now this new switch also did not meet gms minimum torque specificications either. This one delfi said was in the range of 10 to 15 and it really should have been 15 at a minimum. Is that correct . I have not seen the test results. You dont know that. Ok. Now, despite these facts gm continued to manufacture cars with these same ignitio...

To mark royce, executive Vice President of global product development. Ive supplemented existing legal sources within with attorneys from two outside law firms to make sure that we have the proper level of engagement. Ive also appointed a well respected outside law firm to conduct a zerobased review of our litigation practices. Ive met with the entire u. S. Legal staff to discuss the valukas reports findings and to set High Expectations for the staff Going Forward. These changes and others will ...

Finally, a Senate Hearing on compensating General Motors victims. Our issue spotlight programming on gm recalls begins with General Motors ceo mary barra. In april, she testified where she apologized to the victims causeds for the deaths by the faulty ignition switches. This is about 50 minutes. You are now under oath. You may now give a fiveminute summary of your written statement. Thank you, mr. Chairman. Can you hear me . Ok. My name is mary barra and i am the chief executive officer of Gener...

I would say google, amazon, facebook are significant, apple with the iphone. Theres always a bias to make things incremental. I would say these Successful Companies in silicon are all zero to one. Most companies and up being much less valuable. A pet food company, the Solar Panel Company is not a zero to one, thats a copy of other things. That moves the dial much less. Peter thiel, how is your Company Paypal zero to one . It was the first one to combine email with money, a sort of breakthrough p...

The life, it creates an immense amount of insecurity among the driving public and obviously my view the burden has to be on the manufacturer and our governmental agencies to take the appropriate steps to revive and restore public confidence. Thank you. Thank you. Now, its the appropriate time to introduce the panel. Ill introduce the panel as a whole, and then well start with takata as the first speaking witness. So today our first panel representing takata, Hiroshi Shimizu. Shimizu, sorry. Yes....

Crowds everywhere he goes. The polar prank that has everyone talking this morning. And good morning. A lot to get to this thursday morning including new details on that plane crash. Remember we saw it clipping that bridge before going to the river. Well some amazing and harrowing survival stories are emerging right now. Every time still when you see that piece of video. Well begin with that bitter cold moving across much of the country. Temperatures in a freefall plunging more than 30 degrees. G...

Good morning, everyone, im scott mcgrew. One of the key drivers in Silicon Valley is Venture Capital, money to help grow your company in exchange for a piece of the pie. If the value were a living breathing thing then Venture Capital is its blood and sand hill road is its heart, which is what makes the company, appster, so mysterious started by two teenaged australians who havent taken a cent of outside money. The Company Growing so fast it will hire 150 people in San Francisco by the end of the...