/ General Motors, Industry, News / GM looks to the future beyond ignition recall

GM looks to the future beyond ignition recall

Linked In Share
GM looks to the future beyond ignition recall

General Motors first annual shareholders meeting with the first female CEO at the helm went on undisturbed by the ignition switch recall, which was not even among the subjects discussed.

29 of the company shareholders were present at the meeting and the only reference to the defective ignition switch recall that encompassed 2.6 million cars and started a safety frenzy that led to 14 million cars in the US being called back for service was made in relation to Barra – which was raised for her conduct during the crisis.

Actually, as protesters outside the building were dwarfed by attending media, the shareholders voted new compensation plans for executives that could bring Barra many more millions into her accounts.

While the company is facing many threats in relation to the recall – from federal legislators ready to continue their probe on GM to the compensation for the victims and families – the outlook, as the shareholders and Wall Street sees it is actually rather bright.

The internal report released last week panned the company shortcomings and – surprisingly or not – failed to reveal new major problems (like a cover-up plot), the NHTSA probe was settled by paying the maximum $35 million fine – a drop of water in the $2 billion recall related costs this year and the company now looks ahead for the times when the recall would be a distant memory.

Via Reuters

by Aurel Niculescu (my Google+) - Wednesday, June 11th, 2014 - filed under General Motors, Industry, News. Image credit: .
Linked In Share
Related Articles
ignition switch defect recall us


Discuss: GM looks to the future beyond ignition recall

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

2015 Chevrolet COPO Camaro going to SEMA
2015 Chevrolet COPO Camaro going to SEMAThe 2015 Chevrolet COPO Camaro will be officially presented to the public during the 2014 SEMA Motor Show. The North American ...
New Ferrari Enzo replica is based on Ferrari F430
New Ferrari Enzo replica is based on Ferrari F430A new replica of the impressive Ferrari Enzo has been based this time on a model which came out the same assembly line, the ...
Mitsubishi Outlander facelift spied
Mitsubishi Outlander facelift spiedThe facelifted version of the Mitsubishi Outlander has been caught on camera recently, by our spy photographers, while it was ...
[VIDEO] Volvo Trucks vs. Koenigsegg One:1 – coming soon
[VIDEO] Volvo Trucks vs. Koenigsegg One:1 – coming soonVolvo Trucks is going to challenge what is probably the most impressive supercar out there - the Koenigsegg One:1. Volvo’s ...
European Mazda2 – engine lineup detailed
European Mazda2 – engine lineup detailedMazda has released the full information on the European version of the 2015 Mazda2 which is getting ready to go on sale ...
[Video] An R/C car called the Bullet overcomes the 200 mph barrier
[Video] An R/C car called the Bullet overcomes the 200 mph barrierWhile American speed junkies usually convey to the Bonneville Salt Flats to take their shot at world fame and new speed records, ...
Dodge Challenger SRT Hellcat – more than 5,000 orders received
Dodge Challenger SRT Hellcat – more than 5,000 orders receivedDodge has received more than 5,000 orders for the impressive Challenger SRT Hellcat and more than 1,000 have been received in the ...
Recall roundup: 2014-2015 Porsche 911, Cayman and Boxster
Recall roundup: 2014-2015 Porsche 911, Cayman and BoxsterPorsche has recently issued a recall affecting the 911, the Cayman and the Boxster because of a problem with the lock bracket for ...
[VIDEO] Mercedes-AMG S63 Coupe gets tested by Auto Express
[VIDEO] Mercedes-AMG S63 Coupe gets tested by Auto ExpressOne of the hottest vehicles currently offered for sale by Mercedes-Benz, the S63 AMG Coupe, has been reviewed by the guys from ...
China: Honda sales drop the fourth month in a row
China: Honda sales drop the fourth month in a rowThe world’s largest auto market proves a difficult country for the Japanese automakers and Honda supports the idea after it ...
[VIDEO] Lamborghini Aventador revs, shoots flames, lights itself on fire
[VIDEO] Lamborghini Aventador revs, shoots flames, lights itself on fireA Lamborghini Aventador has recently destroyed part of its rear end after its driver revved its engine, flames came out of the ...
Ferrari F40 is looking for a new owner
Ferrari F40 is looking for a new ownerA classic Ferrari F40 is currently being offered for sale in Saudi Arabia after it has travelled for 54,000 km. In case you have ...
Audi’s third quarter profit slip due to increased investments
Audi’s third quarter profit slip due to increased investmentsAudi, one of the key drivers of profit for the German automaker Volkswagen AG, failed to impress during the third-quarter, as ...
Meet the Mercedes-Benz G-Code Concept
Meet the Mercedes-Benz G-Code ConceptMercedes-Benz has officially unveiled the G-Code Concept, a model which should be transformed into a production version to slot ...
BMW’s third-quarter sales increase lags Audi and Mercedes-Benz
BMW’s third-quarter sales increase lags Audi and Mercedes-BenzBMW AG, the world’s largest producer of luxury vehicles managed to beat analyst estimates when it reported third-quarter ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015-chevrolet-copo-camaro_sema 1
ferrari enzo replica based on f430 1
Spy-Shots of Cars
_MG_0717
2015 mazda2 europe 1
ferrari f40 for sale saudi arabia 1
Mercedes-Benz G-Code Concept 1
Chevrolet Colorado Performance Concept 1
lexus lfa nurburgring edition for sale 1
Galpin Auto Sports Acura TLX 1
CLASSIC DESIGN CONCEPTS OUTLAW MUSTANG
Chevrolet Colorado Nautique Concept 1

More automotive from inautonews
The 2015 Chevrolet COPO Camaro will be officially presented to the public during the 2014 SEMA Motor Show. The North American based automaker Chevrolet is getting ready to introduce a new generation of the Camaro, but until that will happen, the current model has received a new version, for the ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz GLA 220 CDI
Test Drive: Mercedes-Benz GLA 220 CDIThe Mercedes compact family has a new member – the adventurous GLA crossover. That means the lower-end of the luxury automaker’s lineup consists ...
Test Drive: Dacia Sandero Stepway 1.5 90 HP
Test Drive: Dacia Sandero Stepway 1.5 90 HPIf you live in Europe, you don’t need an introduction to Dacia anymore – this is the affordable Renault subsidiary that rocked the auto industry ...
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: 2014-2015 Porsche 911, Cayman and BoxsterPorsche has recently issued a recall affecting the 911, the Cayman and the Boxster because of a ... GM ignition switch weekly report: claims rise 12%A report issued yesterday shows that the program designed to compensate victims of accidents linked ...
Safety Section