Topic: remember that huge auto bailout
started by: Malcolm
Posted by Malcolm on Apr. 20 2014,11:49
< It was only $10B >. But at least they were < deserving of that charity >, according to some docs released yesterday.QUOTE
Both GM and NHTSA have been criticized by safety advocates and lawmakers for their slow responses to a deadly ignition switch problem in 2.6 million GM small cars. GM admitted knowing about the problem for more than a decade, yet didn't start recalling the cars until February. The company says it knows of 13 deaths in crashes linked to the ignition switches, but family members of crash victims say the number is much higher.
I'm sure the families and friends of those victims were thrilled to chip in to pay off GM's debt.
The NHTSA is just overworked, of course.
QUOTE
The number of complaints and claims with the power steering issue appears to be high when compared with other recent recalls that were preceded by NHTSA investigations.
...
"Very disturbed that the Cobalt was recalled for this problem and not the Saturn," one owner wrote in 2010. "Makes no sense since the power steering is the same in both vehicles."
...
"Very disturbed that the Cobalt was recalled for this problem and not the Saturn," one owner wrote in 2010. "Makes no sense since the power steering is the same in both vehicles."
I'm sure it has nothing to do with GM's campaign contributions and union votes.
Posted by Malcolm on Jun. 19 2014,10:16
< Wow. >QUOTE
Making her second appearance before a House subcommittee probing GM in connection with the defect tied to 54 accidents and 13 deaths, Barra, a GM lifer, faced skeptical questions about whether she could change a company notorious for its stilted and uncommunicative bureaucracy.
When Congress accuses you of being uncommunicative and bureaucratic ...
Posted by Malcolm on Jul. 16 2014,10:28
< Fuck GM >. Fine the company half a billion dollars, indict the execs.
Posted by Vince on Jul. 16 2014,10:46
I have a hard time getting bent out of shape about this. GM screwed up big time, but I'm more angry at our stupid government for not letting nature take it's course with them.
Posted by Malcolm on Jul. 16 2014,10:49
(Vince @ Jul. 16 2014,12:46)
QUOTE
I have a hard time getting bent out of shape about this. GM screwed up big time, but I'm more angry at our stupid government for not letting nature take it's course with them.
The gov't bears some of the blame. But the automakers came and begged for cash after decades of running their shit into and through the ground. They demanded to be treated differently than normal businesses and industries that don't contribute tens of millions of dollars and hundreds of thousands of votes to various political whores. Then they tried to convince us it was a proper idea. Fuck them.
Posted by Vince on Jul. 16 2014,11:13
I think they're tools. I just hate them less for asking for our money than I do our government for giving them our money.To me it's irritating for GM to ask. It's infuriating for the government to give.
That's just me, though.
Posted by Leisher on Jul. 16 2014,12:56
Meanwhile, you folks rip Ford, but they were the only ones who saw it coming and planned ahead.
Posted by Malcolm on Jul. 16 2014,13:01
(Leisher @ Jul. 16 2014,14:56)
QUOTE
Meanwhile, you folks rip Ford, but they were the only ones who saw it coming and planned ahead.
I know I've said somewhere that I'm giving Ford a pass on the loan thing. I'm still on them for their extra special shitty engineering.
Posted by GORDON on Jul. 16 2014,13:02
(Leisher @ Jul. 16 2014,15:56)
QUOTE
Meanwhile, you folks rip Ford, but they were the only ones who saw it coming and planned ahead.
I don't rip Ford. I have relatives who work for Ford so I get cars for invoice price.
Posted by TheCatt on Jul. 16 2014,13:05
(Vince @ Jul. 16 2014,13:46)
QUOTE
I have a hard time getting bent out of shape about this. GM screwed up big time, but I'm more angry at our stupid government for not letting nature take it's course with them.
Amen.
Posted by Malcolm on Jul. 16 2014,13:07
(GORDON @ Jul. 16 2014,15:02)
QUOTE
(Leisher @ Jul. 16 2014,15:56)
QUOTE
Meanwhile, you folks rip Ford, but they were the only ones who saw it coming and planned ahead.
I don't rip Ford. I have relatives who work for Ford so I get cars for invoice price.
I've owned too many of their cars. Went for about 5 years without significant troubles, but they were plentiful and expensive when they came.
Posted by GORDON on Jul. 16 2014,13:15
Honestly, I am on my.... 7th new Ford, and I have NEVER had one in the shop for service beyond oil changes/new brakes/whatever. I keep them 3-5 years. Had a Ranger for 10 years that was in perfect shape up until the day some bitch ran a stop sign and t-boned it and totaled it.
Posted by TheCatt on Jul. 16 2014,13:19
(GORDON @ Jul. 16 2014,16:15)
QUOTE
Honestly, I am on my.... 7th new Ford, and I have NEVER had one in the shop for service beyond oil changes/new brakes/whatever. I keep them 3-5 years.
I'm on my 2nd Japanese car in 24 years, and haven't had to do that either.
Posted by Malcolm on Jul. 16 2014,13:27
QUOTE
I'm on my 2nd Japanese car in 24 years, and haven't had to do that either.
That's the true I hope I'm singing. Ford had transmission problems, brake problems, springs, shocks, pads, every fucking thing except the engine itself.
Posted by Malcolm on Sep. 29 2014,11:28
< GM murders 23rd victim >.QUOTE
GM has acknowledged that it knew about faulty ignition switches in Chevrolet Cobalts and other small cars for more than a decade. The company didn't start recalling 2.6 million small cars until February.
The ignition switches can slip out of the "on" position, which causes the cars to stall and turns off the air bags.
The ignition switches can slip out of the "on" position, which causes the cars to stall and turns off the air bags.
Totally worth that bailout.
Posted by Malcolm on Oct. 17 2014,10:59
< Lawyer fucks up >, receives huge pension and retirement package (probably).QUOTE
GM Chief Executive Officer Mary Barra fired 15 people earlier this year after an internal investigation determined that lawyers and engineers didn’t respond quickly enough to evidence of fatal vehicle defects now linked to 27 deaths. Millikin and Barra were cleared of wrongdoing in the report.
Thank god those human shields were there to soak up all the blame.
Posted by Malcolm on Jul. 27 2015,11:15
< Totally worth it >.QUOTE
Fiat Chrysler must offer to buy back from customers hundreds of thousands of Ram pickup trucks and other vehicles -- the biggest such action in U.S. history -- as part of a costly deal with safety regulators to settle legal problems in about two dozen recalls.
The Italian-American automaker also faces a record civil fine of up to $105 million. In addition, owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks will be able to trade them in or be paid by Chrysler to have the vehicles repaired.
The Italian-American automaker also faces a record civil fine of up to $105 million. In addition, owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks will be able to trade them in or be paid by Chrysler to have the vehicles repaired.