Page 2 - Ignition Switch Defect News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Seven years. as far as wall street sees it, you're right, shares are up 7% since the recall was announced in february because what investors are doing is betting the worst is over for the company. look at gm, it's already said it's taking a $1.2 billion charge for the recalls in the second quarter. that's on top of a $1.3 billion charge it took in the first quarter, so there's a certain end to this, at least as shareholders see this. also, you've got a third part of this. you've got gm out there trying to reassure the public. gm is insisting that the cars that had been recalled are still safe ...

Today. the ignition switch defect is tied to at least 13 deaths and investigators say probably more. angry senators are focusing not just on barra, but other executives at gm as well. >> how in the world in the aftermath of this report, did michael millikin keep his job? i do not understand how the general counsel for a litigation department that had this massive failure of responsibility, how he would be allowed to continue in that important leadership role in this company? >> the company has been fined $35 million, but for those keeping score at home, that is less than 1% of gm's earnings in...

Hopefully you know we don't see any accidents related to the ignition switch defect happen any time soon again. >> we hope not. thanks to both of you. let's talk a little history, shall we? i can remember that day clear as day. watching television with my dad and he was recording this awesome event off the television screen which served as a camcorder in those days, one of the big film cameras. i had to do it because it was history. >> that's one small step for man. one giant leap for mankind. >> it was the rivalry back in the '60s and this sunday marks the 45th anniversary of neil armstrong...

Compensation leader and he said it's not up to me to decide what cars are included. you have plaintiff lawyers and victims families mad their loved ones died or injured in cars they think because of an ignition switch defect and they're not included in the plan. why is that? general motors is saying look, we included all the cars that were under extenuating circumstances. it had this exact defect that someone at gm knew about over ten years ago and didn't tell higher ups apparently about but they're not including all of them and i think the key question as we watch this develop over weeks, is ...

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