Popular News From Popular Sites: U.S. to make 'major announcement' on GM's handling of recalls

Friday, May 16, 2014

U.S. to make 'major announcement' on GM's handling of recalls

A General Motors logo is seen on a Denali vehicle for sale at the GM dealership in Carlsbad U.S. officials will make a major announcement on Friday as part of their investigation into General Motors' handling of recalled vehicles because of defective ignition switches, the Department of Transportation said in a statement. The announcement is expected at 11:15 a.m. EDT (1515 GMT). GM engineers first discovered the defect in 2001, and the company has been criticized for failing to detect the faulty part and for not recalling the vehicles earlier. Congress, the Department of Justice, the U.S. Securities and Exchange Commission and several states are conducting their own investigations, and GM has an internal probe that is expected to be completed within the next two weeks.




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