General Motors has agreed to pay $900 million in a settlement with the U.S. government over a deadly flaw in its ignition switches, after admitting it hid the problem for over a decade. In addition to the fine, an independent…
Thursday on the NewsHour, what the Fed’s decision on interest rates means for the economy. Also: highlights from the second Republican debate, General Motors reaches a settlement over faulty ignition switches, making sense of Pope Francis’ capitalism critique, an American-trained…
Corporate profits, as a percent of GDP, have doubled in the past 40 years. But where's that money going? Not to hiring, paying higher wages or investing in equipment. Corporations are instead using their profits to further reward shareholders. And…
Hyundai is recalling nearly 205,000 Elantra cars in the United States due to a potential defect in the vehicles' power steering systems, according to a report released late Saturday on the National Highway Safety Administration's website.
Internal emails released as part of a class action lawsuit show that General Motors ordered a half million ignition switches to replace faulty ones nearly two months before notifying safety regulators. The defect has been linked to at least 32…
The U.S. government recently issued an immediate recall for more than 4.7 million vehicles that were installed with defective airbags. However, the consumer website that lists vehicle identification numbers included in the recall did not appear to be working on…
WASHINGTON — A House committee has determined that the government's auto safety agency should have discovered General Motors' faulty ignition switches seven years before the company recalled 2.6 million cars to fix the deadly problem.
General Motors may have so far only acknowledged 13 driver deaths due to its multiple problems with ignition switches and air bags, but the independent compensation administrator hired by the company said today there are at least 19 deaths likely…
In our news wrap Tuesday, major Michigan interstates were closed after record-breaking rains caused flooding, shutting down General Motor’s tech center near Detroit. Also, the government of Russia dispatched a miles-long convoy of trucks toward the Ukrainian border under the…
