U.S. senator accuses GM of 'culture of cover-up' in recalls

Comments (25)
Defier123 wrote:

From the people that sold us Benghazi was a protest and the IRS isn’t being used to suppress the Republican vote.

Guess it really does take one to know one

Apr 02, 2014 11:13am EDT  --  Report as abuse
nybosoxfan wrote:

Dear Mary Barra,
I home you like being the Scapegoat of GM. Talk about breaking the glass ceiling! Does anyone think they promoted her because she is the most capable(she probably is but) or the most likely to be believed by the public because she is a woman? GM has been sticking it to the public for many years, it is a boys only club, their reliability has become worse since the 1990′s and who’s gonna like the Men fry when the public has Mary Barra now. Good luck Mary and open up your wallet.
Signed,
The American Public (We saved you from being Extinct)

Apr 02, 2014 11:19am EDT  --  Report as abuse
fermata wrote:

Senators and congressional reps ought to know all about corruption and cover-ups. Cast the whole lot of them out. Start over. The government is in collusion with these big companies and these hearings, like others, are nothing but side-shows intended to persuade the public that congress is doing something, while all they while they stuff their campaign coffers with bribes from the corporations.

Apr 02, 2014 11:20am EDT  --  Report as abuse
youmustknow wrote:

GM has a P/E of 14.55 while the rest of the industry is 10 or below which indicates the stock is more than 30% overvalued. With the cost of the recalls and lawsuits the price should drop another 5 – 10%. Their last rating for reliability from Car and Driver showed 141 complaints per 100 vehicles, one of the highest in the industry. They also rank near the bottom in safety which is indicative of their disregard for their consumer. Add the political bias against GM, the lost customers and lost faith from the 6.2 million recalls, and the depreciation every GM car owner is going to experience, and you could easily discount their stock price another 10%. I believe more than ever that GM will be in need of another bailout or go bankrupt within 5 years. All this after the tax payer forgave a $10 billion debt.

Apr 02, 2014 11:59am EDT  --  Report as abuse
6629moby wrote:

A senator accusing GM of “a culture of cover,” how rich. Hello pot, this is kettle, YOUR BLACK!. I’m not saying GM is guiltless here, I’m just saying politicians in DC are in no position to give lessons in ethics.

Apr 02, 2014 12:04pm EDT  --  Report as abuse
sego wrote:

To use her own past words, democratic senator Claire McCaskill is going to “try to ride this horse as long as she can”. Now, go pay your taxes Claire!

Apr 02, 2014 12:20pm EDT  --  Report as abuse
Verpoly wrote:

The US admin. bailed GM out of bankruptcy, but GM didn’t bail consumers out of safety hazards. How ungrateful is mindset of these top executives´╝ü

Apr 02, 2014 12:31pm EDT  --  Report as abuse
SCGuardian wrote:

Strange! GM went Bankrupt. Investors lost their Retirement Funding. Federal Government stepped in. GM reappeared, Investors still n ot compensated. Federal Government, however, was. Now there is a question in Management continuity between old and new GM. Better question is whether or not Congress knew of the problem since the Feds were involved in the bailout?

Apr 02, 2014 12:36pm EDT  --  Report as abuse
JRTerrance wrote:

Maybe they can get the Roberts-led Court to declare covering up deadly business decisions an acceptable interpretation of the 5th Amendment.

Apr 02, 2014 12:40pm EDT  --  Report as abuse
COindependent wrote:

@6629 Agreed. Any member of the Senate for more than one term, accusing anyone of cover-up epitomizes the art of hypocrisy.

These are the same guys that hammer businesses and individuals with Dodd-Frank, Sarbanes-Oxley, and ACA and then immediately exempt themselves.

Apr 02, 2014 12:41pm EDT  --  Report as abuse
dixiedog44 wrote:

A Dem is going to accuse someone of “cover up”? As in Benghazi? As in “Fast and Furious”? As in IRS scandal? As in FBI scandal? As in CIA spying? As in Oliarcare scandals? Talk about the pot calling the kettle black! I guess it must come as a real relief to have the finger pointed in another direction for a change.

Apr 02, 2014 12:52pm EDT  --  Report as abuse
fhung wrote:

And…. we bailed out GM. Government and the tax payers bailed GM out. The tax payers ended up getting hurt. When this insanity ends? Free economity should have let all falling companies in 2008 fold.
These big Corp have learned they are too big to fail.

Apr 02, 2014 12:58pm EDT  --  Report as abuse
grassroot wrote:

Got the idea from this ” Culture of Corruption,” Obummer
administration no doubt. Our “leaders” pretty much set
the tone for all else.

Apr 02, 2014 1:02pm EDT  --  Report as abuse
fermata wrote:

Senators and congressional reps ought to know all about corruption and cover-ups. Cast the whole lot of them out. Start over. The government is in collusion with these big companies and these hearings, like others, are nothing but side-shows intended to persuade the public that congress is doing something, while all they while they stuff their campaign coffers with bribes from the corporations.

Apr 02, 2014 1:11pm EDT  --  Report as abuse
tergen wrote:

“Barra told senators the internal probe is ‘well along,’ adding that GM hopes to wrap it up in 45-60 days.”

And to establish trust with the public, the investigation will be overseen by Chris Christie, his pet law firm, and Obama’s three mute IRS officials.

Apr 02, 2014 1:57pm EDT  --  Report as abuse
ander100 wrote:

Amazing how a Company so insular and out of touch continues to survive. Anyone remember Ralph Nadar’s Unsafe at any speed?? How about Michael Moore’s Roger and Me?

Should have gone bankrupt.

Apr 02, 2014 1:57pm EDT  --  Report as abuse
Kahnie wrote:

It’s babble and blather. Who is going to do what to make it right and how many years will it take? The only answer is, don’t buy GM. Hurt them where it hurts, it the pocket book. Everything else is so much smoke and mirrors.

Apr 02, 2014 2:22pm EDT  --  Report as abuse
chuck2 wrote:

Always amusing how the elected get all self righteous about morality, “the safety of citizens, etc, and other “evils” of choice. Yet they take lobby money and respond to lobby money as their owners dictate. Yep them “evil” auto companies with no morals, ethics, values, getting hard to tell whom is being discussed without a score card. Yep the “evil ones” are ///// (you fill in as appropriate.

Apr 02, 2014 4:00pm EDT  --  Report as abuse
chuck2 wrote:

Wonder how many of the sanctimonious elected voted for the “6 month war in Iraq, funded by their oil and all those flowers tossed at feet of USA troops and do we dare wonder how how the WS bailout got huge bonus for the WS/Banker darlings? This witch hunt is just another stage play for worst do nothing Congress ever.

Apr 02, 2014 4:04pm EDT  --  Report as abuse
chuck2 wrote:

Wonder how many of the sanctimonious elected voted for the “6 month war in Iraq, funded by their oil and all those flowers tossed at feet of USA troops and do we dare wonder how how the WS bailout got huge bonus for the WS/Banker darlings? This witch hunt is just another stage play for worst do nothing Congress ever.

Apr 02, 2014 4:04pm EDT  --  Report as abuse
RetiredHappy wrote:

Say, dixiedog44, would a right-winger accuse someone of Watergate, Iran-Contra and the Contras?

Apr 02, 2014 4:34pm EDT  --  Report as abuse
richinnc wrote:

Have you noticed a trend here – Too big to fail – Banks, GM, our Government. Perhaps we should down size them so that they can fail and then get right sized.

Apr 02, 2014 11:43pm EDT  --  Report as abuse
Wulff wrote:

The US Gov’t runs GM through a superfast bankruptcy process at taxpayer expense with the biggest benefit going to the UAW. Now, with a woman as CEO, the Senate puts her through an inquisition about a problem that goes back to before the bankruptcy and continued after it. The gov’t took billions of dollars from JP Morgan, now they’re going to bleed money out of GM. Obamacare doesn’t work, no problem! IRS abuses conservative groups, no problem. Justice puts firearms into the hands of Mexican bad guys, no problem. When does it end?

Apr 02, 2014 12:09am EDT  --  Report as abuse
geg wrote:

NEWS FLASH!!

News, that we didn’t already know….

Big corporations don’t care about their customers – there is always a new one being born every second – THEY ARE DISPOSABLE where money is concerned.

How about a law, – if corporations are people they should GO TO JAIL FOR THEIR CRIMES.

Maybe we could take another look at the tobacco companies…. After all, fair is fair.

Apr 03, 2014 11:17pm EDT  --  Report as abuse
EvaBrain wrote:

The problem is not only a culture of cover-up, but using the cheapest quality components possible. GM’s infamous cost cutters are also to blame. Back around 2000, GM made cheap, crappily equipped and engineered cars and was proud of getting away with scamming consumers. I hope some GM suits end up in jail..Further you can read at http://bit.ly/1q5qs7A

Apr 04, 2014 8:56am EDT  --  Report as abuse
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