The recall is General Motors’ 29th this year, bringing the total number of recalled GM vehicles in the U.S. to around 13.8 million.
U.S. Secretary of Transportation Anthony Foxx and the National Highway Traffic Safety Administration’s Acting Administrator David Friedman are holding a press conference.
GM is on track to break the American automaker record for the most recalls in a single year, ever.
One day after the Department of Transportation refused to order GM to pull recalled vehicles off the road, the auto company has released a video showing tests they’ve done on the recalled vehicles.
General Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear.
Members of a Senate subcommittee accused General Motors of trying to cover up problems with an ignition switch that is now tied to 13 deaths.
The U.S. government plans to sell another 30 million shares of General Motors stock in a public offering.
Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.