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DETROIT – The number of approved death compensation claims related to a recall of a faulty General Motors ignition switch has risen to 90, reported MLive. The claims were approved by a fund set up by GM to compensate victims of a defective part in mid-to-late-2000s model cars that has led to a massive recall ... Read More »
Read More →DETROIT – A federal bankruptcy judge ruled Wednesday that General Motors is shielded from death and injury claims potentially totaling billions of dollars tied to defective ignition switches in certain GM small cars, reported MLive. In 2009, a bankruptcy court allowed GM to emerge from bankruptcy protection free from the liabilities of the old company. ... Read More »
Read More →General Motors Co will generate $350 million in improved profit over the three years to 2018 from its rollout of 4G LTE mobile broadband in its cars and trucks, the No. 1 U.S. automaker’s chief financial officer said on Wednesday, reported Reuters. Chuck Stevens, speaking at a Bank of America Merrill Lynch conference, called GM’s ... Read More »
Read More →NEW YORK — Ford CEO Mark Fields said the Dearborn automaker has no plans to move its Lincoln luxury brand to New York after its domestic rival made the move, reported The Detroit News. He added that the company is committed to the revival of Lincoln. General Motors Co. in September announced it was moving ... Read More »
Read More →SCOTTSDALE, Ariz. – GM announced on Wednesday, March 11, 2015 that they would reduce their coverage for their free maintenance program on Chevrolet, Buick, and GMC vehicles for 2016 model year cars. This comes in addition to extended powertrain warranty reductions for Chevrolet and GMC. Ryan Williams, President of DRIV technologies and Fidelis PPM, a ... Read More »
Read More →General Motors Co. on Monday became the latest company to return billions of dollars to shareholders amid tussles with investors over how to better allocate corporate cash, reported The WSJ. Facing a potentially contentious fight over a board seat and a larger buyback, the car maker tried to walk the line between placating big investors ... Read More »
Read More →DETROIT – General Motors has named Craig Glidden executive vice president and general counsel, effective March 1, reported MLive. Glidden, 57, replaces Michael Millikin, 66, who is retiring in July. Millikin faced harsh criticism from lawmakers on Capitol Hill for his department’s handling of GM’s ignition switch recall crisis, with one senator even wondering aloud ... Read More »
Read More →The same judge who oversaw General Motors’ 2009 bankruptcy will hear arguments Tuesday over how much of a shield the company still has against lawsuits involving vehicles and crashes from before the automaker exited bankruptcy in July 2009, most notably those vehicles with defective ignition switches, reported Detroit Free Press. U.S. Bankruptcy Judge Robert Gerber ... Read More »
Read More →General Motors Co said it has extended the tenure of its top lawyer, whose department was criticized over how it handled the issue of the automaker’s defective ignition switch linked to more than 50 deaths, and the search for a replacement is ongoing, reported Reuters. Michael Millikin, 66, will now retire in July and be ... Read More »
Read More →SAN FRANCISCO AND FORTWORTH, Texas — Ally’s reaction to General Motors internalizing its leasing program came up at the end of GM Financial’s fourth quarter 2014 earnings call. Daniel Berce, the captive’s president and CEO, said the decision shouldn’t have surprised executives with GM’s former captive finance arm. “That’s about increasing customer loyalty,” Berce said ... Read More »
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