General Motors Co (GM.N)
17 Apr 2014
|Market Cap (Mil.):||$54,021.00|
|Shares Outstanding (Mil.):||1,589.79|
* Continental says systems meet customers' requirements (Adds Continental AG statement)
- If General Motors Co creates a fund to compensate victims of its faulty ignition switches, an option that a top legal adviser suggested it is exploring, the company could give up strong defenses to a wave of lawsuits. But it could stand to gain even more.
WASHINGTON - General Motors says that cars being recalled because of faulty ignition switches can be driven safely before repairs, based on more than 80 tests, but the automaker has not addressed a problem long known to potentially shut off the engine: a simple bump from a driver's knee.
April 17 - Plaintiffs' lawyers are seeking to draw Continental Automotive Systems US, the maker of airbag systems in recalled General Motors Co vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths.
DETROIT, April 17 - General Motors Co plans to shift its global Cadillac chief back to focus full time on his former lobbying position in Washington as the No. 1 U.S. automaker deals with fallout from defective ignition switches linked to at least 13 deaths, a person familiar with the plans said on Thursday.
April 17 - A federal judge on Thursday rejected a bid to compel General Motors Co to tell customers to stop driving millions of cars that have been recalled for defective ignition switches.
April 16 - General Motors Co said on Wednesday that it has set up a new fast-track ordering system to accelerate the shipment of parts needed to fix an ignition switch defect that has forced the automaker to recall 2.6 million of its compact cars.
NEW YORK, April 16 - A lawyer for General Motors Co said for the first time Wednesday that the company is moving to develop a program that could compensate individuals affected by a faulty ignition-switch in millions of recalled vehicles.
- General Motors Co said it would ask a U.S. court to bar lawsuits related to actions before its 2009 bankruptcy, signaling a tougher stance toward legal claims stemming from its recent recall over faulty ignition switches.
* GM has recalled 2.6 mln vehicles over ignition-switch defects
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