Page 7 - Ignition Switch News Today

Say, eligibility and dollar value. >> well were told that gm had put north of $1 billion, up to $2 billion in the total compensation fund. ive talked to others who say that isnt going to be enough. when youre all said and done it could run billions more. what do you think of that? >> speculation, i dont know, its speculation. this is a challenge. some of these accidents occurred over ten years ago. i have to work with these claimants to find the necessary evidence that shows that it was the igni...

All right, time to get down to business. cnbcs morgan brennan. good morning. >> reporter: good morning, betty. gm announcing six more recalls affecting 8.4 million vehicles, 7.6 million in the u.s. most are older models, recalled for ignition switch issues. gm is aware of seven crashes, 8 injuries and 3 deaths. thats 29 million vehicle this is year. but its a great week for gopro. shares have soared 60% since the ipo on thursday. thats benefitted founder and ceo nick woodman. his stake in the co...

Because they have come under fire for not disclosing a deadly defect for more than a decade. this ignition switch is a really big deal. take a look at the latest cars they are recalling because of the ignition switch defect. chevy malibu, intrigue, alero, grand am, cadillac, grand prix, this is going to cost them another $500 million, but they do not want to be accused of not telling the public about a defect. it cost them a billion dollars and 13 lives. >> they offered to pay those who

The morning papers. "wall street journal" israeli forces are hammering palestinian targets after three teenagers were found dead in the west bank. today there were ground assaults backed by dozens of air strikes. three weeks after the teens were abducted their bodies were found yesterday not far from where they went missing. hamas has not claimed responsibility although prime minister netanyahu has placed blame squarely on that group. the detroit free press. general motors is recalling another...

Its first session today to begin the process of forming a new government, however, it was postponed because the minimum number of members were not present. were learning more about the scope of the nsa spying powers. secret documents leaked from former nsa contractor edward snowden show that the fifa court not only allowed the agency to sthoop on phone calls or e-mails of its foreign targets, it also let the nsa intercept communications about them which means the pool of people being spied on ...

For americas largest automaker. general motors announcing yet another round of recalls linked to the faultily ignition switch bringing this years tally to nearly 29 million. the most cars recalled by a single car company in a year ever. ceo has vowed since the start to make it right. >> i am working day and night to make sure that we correct this issue. we have learned from it. and it never happens again. >> reporter: the troubled automaker also announcing it will pay a staggering $1.2 billion i...

General motors now recalled the largest number of cars ever in a single year. monday the company announced six new recalls effecting 7.6 million more vehicles in the united states. it brings the grand total to 25 million this year alone. among safety concerns citing a faulty key ignition switch turning the engine off and disabling the air bags. it boosts the number of deaths acknowledged by general motors to 16. and the company said it will pay millions in compensation to families who agree not ...

Another round of recalls linked to the faultily ignition switch bringing this years tally to nearly 29 million. the most cars recalled by a single car company in a year ever. ceo has vowed since the start to make it right. >> i am working day and night to make sure that we correct this issue. we have learned from it. and it never happens again. >> reporter: the troubled automaker also announcing it will pay a staggering $1.2 billion in the second quarter to cover the recalls. slamming the brakes...

How many people are we talking about in the pool here? >> we dont know how many people will actually file. the recall involved 2.6 million recalled vehicles but most of those vehicles werent involved in accidents so we will have to see. when you build one of these programs, you guys know from bp, build it and they will come. i predict we will get claims from people driving mercedes and jaguars and people claiming it was an ignition switch failure. its human nature. it was an ignition switch fail...

Means your airbags wont inflate, power steering, anti-lock brakes will not work. it has been linked to at least 13 deaths. i want to show you on the screen youre looking at the all of the new cars recalled because of this issue. youve got the chevy malibu, two oldsmobiles, pantiac grand prix, cadillac cts, cadillac srx. lot of them recalled much older models, some as recent as this year. the big picture carol, why is this happening? because gm never wants anyone to point their finger at the comp...