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Biggest annual drop in dollar terms. Industry group api will release its data today. And in global news petro bass could be declared in technical default on some of its foreign debt. Some bondholders want petro bass to speed up its losses in that giant corruption scandal. So a lot going on this morning. Mr. Kernen. It was down yesterday. In the second place. Here it is. In Corporate News the shares of civio today. The small Market Cap Company about to get smaller. The Oil Field Services provider warning the First Quarter and full year revenue numbers will fall well below analyst estimates. The...

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 has happened here between you all and nhtsa, and also within what happened at gm. So you mentioned in ...

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 president Lyndon Johnsons vision for a Great Society and its impact today. Join the conversation by call...

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 ignition switches with the model years 2008 to 2011. Is that correct . Yes. And between 2004 and 2014, no P...

In all aspects of the process. Will continue to identify defects and ensure they are fixed. I want to close on one last important note. Defectsity to find requires our providers to act on good faith and in good time. Parts change and indicating potentially critical supplier conversations on airbags. Had this information been available earlier, it likely would have changed our approach to this issue. But let me be clear, both we and the Auto Industry as a whole must look to improve. I greatly appreciate the to testify before you today. Understand you just got into this position a couple of mont...