GM to pay $900 million to end U.S. criminal ignition switch probe

  • metta

    Posts: 39099

    Sep 17, 2015 3:12 PM GMT
    GM to pay $900 million to end U.S. criminal ignition switch probe


    http://www.reuters.com/article/2015/09/17/us-gm-probe-idUSKCN0RG2WF20150917




    I would already have second thought about buying a GM because of reliability issues compared with some of the other automobile makers. After this, I just could not see myself consider buying from them in the future.
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    Sep 17, 2015 3:29 PM GMT
    metta saidGM to pay $900 million to end U.S. criminal ignition switch probe

    http://www.reuters.com/article/2015/09/17/us-gm-probe-idUSKCN0RG2WF20150917

    I would already have second thought about buying a GM because of reliability issues compared with some of the other automobile makers. After this, I just could not see myself consider buying from them in the future.

    Which is too bad, because GM has introduced some wonderful new cars. But if they are not reliable enough, and with a questionable safety track record, then they can't be considered.

    Not to mention not wanting to reward a dishonest company that caused the deaths of so many people. If this report of a $900M fine is correct, then the Feds must have had some pretty strong criminal evidence against GM. A company doesn't agree to pay close to a billion dollars unless the government has the goods on them.
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    Sep 17, 2015 4:24 PM GMT

    Good Corporate Citizenship:
    Risk Mitigation, Profit, Loss Analysis & Collateral Loss Insurance Programs icon_redface.gif
  • YTC1989

    Posts: 39

    Sep 18, 2015 1:10 AM GMT
    I only buy European or Japanese