Page 16 - Ignition Switch News Today

Or serious injury. >> is that doing the right thing, not count someone sit in backseat or where theres a side impact crash, or are you saying that that number may go up if you determine that those people died as a result of the ignition switch. >> rules and eligibility of the criteria of the compensation program are being determined and set independently by ken feinberg. it will be his determination what the rules are, what the eligibility criteria are. he hasnt concluded that yet. we expect tha...

. welcome back to "the lead," the money lead now. gm is accepting responsibility for the deaths of 13 people because of defective ignition switches. the ceo mary barra did not find a conspiracy to cover up gms investigation. no evidence of conspiracy. barra warned more recalls are likely in the near future. for his part, senator harry reid said it may be worth congress getting involved to see if gm made a cold, calculated tradeoff, between safety and recalls. >> they were fired and they want t...

>> this should have never happened. our customers need to know that they can count on our cars, trucks, actions, and most importantly our word. we let our customers down. >> the gm ceo with a soapering talk to employees about why it took years for a company to fix a faulty ignition switch. the internal report found no evidence of a company wide cover up. wall street initially reacted favorab favorably. right now trading at around $36

But it spares no criticism, and nobody looks good at gm, in the wake of this report. >> that was the senator, not the governor, i meant to say. as far as the families here are feeling, what they really want is a why. the answer to why they decided to wait ten years. and just going through the "what" of it, is there a way -- is there any sort of technological, any logical explanation why you wouldnt want to go ahead and do this 90-cent fix? >> i agree with you, there is no logical method. standar...

Tune. why the shift? >> reporter: they are sticking with the 13 number but they are using a very loose number. they are not counting side impact crashes or people who died in the back seat in the same crash but they also said that they have hired this attorney ken feinberg to dole out victim compensation. they told me after the press conference that if he comes up with a number that they should be compensated, but still they are only counting the frontal trashes and, frankly, we really want to k...

Earlier this year. >> and you know, notihtsa think the final number of fatalities because of that ignition switch default is likely more than 13. you know, the government thinks that that number is going to rise, but gm has said its sticking by that 13 number for now. but certainly, families like the meltons are saying, hey, wait, we know that number is higher. time for an "early start" to your money. sweet 16 to the s&p 500. another record high, the 16th for stocks yesterday. higher futures t...

Mcdonalds just north of the white house. i think that was as much an event to celebrate, you know, with everyone as it was wanting a private moment. >> some irony there. >> i think with this president you really find he is able to create private calm moments which, i think, what we like about his personality and why we elected him and re-elected him. >> he is certainly in the zone in ma marriott hotel in warsaw, poland. thank you for joining us and appreciate talking to you. >> you too. >> i lik...

Delayed recall of ignition switches, now linked to at least 13 deaths. former prosecutor anton veloukis has been poring over the books and procedures trying to figure out what went wrong and why the company waited more than a decade before issuing a recall. among those eager to hear the result, ken and beth melton. their daughter, brooke, died in a car crash. they are family says it was the result of a faulty ignition switch on her 2005 chevy cobalt. they settled initial claims against the com...

Defective. this data analysis shows that the switch was in the accessory position at the time of the crash shutting the engine off and disabling the airbags, power steering and anti lock brakes. >> we believe the evidence is overwhelming that the defects in this key system resulted in brookes loss of control and her death. >> reporter: gm would not comment on the data recorder information. the defect led gm to recall 2.6 million cars but before the recall the meltons settled their case with gm f...

One died because of this ignition switch. >> poppy, that is what it is matters most here. the company looking into itself and puts the number 13 out there. we know others believe that number should be bigger. you know it firsthand from families. what did you learn? >> reporter: even kninhtsa has d they believe the number is higher than 13. gm is sticking with that number. maybe it will change today in the report. we dont know. but look. general motors, to be clear, is only counting here, chris, ...