GM to pay $35 million U.S. fine for delayed response to faulty ignitions

Comments (23)
moonhill wrote:

So will the taxpayers have to bail them out again to pay the fine? GM is paying nothing to the victims of their negligence. They are hiding behind the bankruptcy in order to avoid paying anything to the families. Too bad we bailed out this greedy corporation. GM is alive and Americans died. I never have and never will own a GM product.

May 16, 2014 11:57am EDT  --  Report as abuse
Rollo2 wrote:

GM is alive and Osama is dead! With all the government oversight and micro managing by Obama”s Czars, how can this travesty happen? Now the government is going to fine the stockholders 35 million dollars to be paid by 401K, retirement accounts and others. Meanwhile management will move on, collect bonuses and suffer little accountability.

May 16, 2014 12:06pm EDT  --  Report as abuse
XRayD wrote:

Mar 19, 2014 – Toyota reaches $1.2 billion settlement to end probe of accelerator … for an ignition-switch problem it has linked to 31 accidents and 12 deaths.

Now GM pays $35 million for “more” than 13 deaths?

$92 million to the govt for each death in a TOYOTA. $2.6 million for death in a GM car.

May 16, 2014 12:14pm EDT  --  Report as abuse
1996MEdition wrote:

Toyota was fined $1.2 billion (yes, with a b) over an issue that was proven time and time again to be the fault of careless owners placing aftermarket floor mats on top of factory mats. Nothing else was ever found as far as a “ghost in the machine” or actual design defect, yet Toyota was chastised and berated for something they had no control over.

Government Motors, on the other hand…….

Disgusting.

May 16, 2014 12:20pm EDT  --  Report as abuse
Solkre wrote:

Where does all this penalty money go? Will any of the victim’s family members see it?

May 16, 2014 12:24pm EDT  --  Report as abuse

$35MM? That’s it? You’ll find that $35MM amounts to 0.02% of GM’s current revenue. Hey! Come to think of it that’s about what I get on my savings….$200 on a $million or about $2 for a $20,000 car

May 16, 2014 12:29pm EDT  --  Report as abuse
mottleyfrog wrote:

$35 million is chump change for this corporation. The president and vice presidents responsible need jail time for this to have any teeth. People died.

May 16, 2014 12:32pm EDT  --  Report as abuse
tiger628 wrote:

$35 million fine. At least 13 dead, probably more, who knows how many injured and how many accidents paid for by other parties (insurance companies mainly, your and my premiums) and the friendly US Government fines them only $35 million. Yeah they are in bed with each other and we the public are holding the bag.

May 16, 2014 12:37pm EDT  --  Report as abuse
CF137 wrote:

The $35 million will go toward lining the pockets of some rich politicians/govt workers.

May 16, 2014 12:57pm EDT  --  Report as abuse

Sorry my mistake. Make that $4.00 on a $20,000 car.

May 16, 2014 12:59pm EDT  --  Report as abuse
bobbobwhite wrote:

Wow, a “maximum” fine that means the GM C-suite will have pastrami for lunch for a week instead of filet mignon in order to make that money back.

What pain, what agony they will have to endure!

What a crock is more like it.

May 16, 2014 1:27pm EDT  --  Report as abuse
RichardJR wrote:

For all of you decrying the amount, if you were to read the article…

“U.S. Transportation Secretary Anthony Foxx announced the fine, which is the maximum the agency can impose. Other investigations into the automaker’s handling of the recall are being conducted by the federal government.”

The maximum fine that he could levy was levied. This does not mean that it is over, it is just the maximum that that agency can levy. This does not mean that this is over now, it is just the maximum that particular agency could do.

May 16, 2014 2:21pm EDT  --  Report as abuse
-30- wrote:

UNDERSTAND that part of the time when GM knew about the potentially deadly ignition switch the government operated the company. Is there liability here? Who will pay this fine, ultimately? The stockholders or consumers, through price mark-ups? Will this fine be allowed as a tax write-off? Where will this fine go? To the US General Treasury, or to secure improved automobile safety?

May 16, 2014 2:35pm EDT  --  Report as abuse
BoozerMcSmurf wrote:

This is beyond outrageous. $35 million for such contempt isn’t even a slap on the hand. This company has cost America billions of dollars in bail out, and has shown nothing but an absolute arrogance. Just one more reason I cannot wait for the Obama administration to be over. most incompetent MF elected

May 16, 2014 6:35pm EDT  --  Report as abuse
BoozerMcSmurf wrote:

This is beyond outrageous. $35 million for such contempt isn’t even a slap on the hand. This company has cost America billions of dollars in bail out, and has shown nothing but an absolute arrogance. Just one more reason I cannot wait for the Obama administration to be over. most incompetent MF elected

May 16, 2014 6:35pm EDT  --  Report as abuse
BoozerMcSmurf wrote:

This is beyond outrageous. $35 million for such contempt isn’t even a slap on the hand. This company has cost America billions of dollars in bail out, and has shown nothing but an absolute arrogance. Just one more reason I cannot wait for the Obama administration to be over. most incompetent MF elected

May 16, 2014 6:35pm EDT  --  Report as abuse
SameOldGame wrote:

No telling what OBozo will do ,,, he’s been a complete and utter failure as president. Only $35 million,,, the news had previously reported they could have forced to pay $1.4 billion,,,, what happened to that fine ?? Did the DemonRats, once again, do a slight of hand and gave them a slap on the wrist. American Voters,,,, come next election every senator/president/representative with a (D) in front of their name has to be sent packing.

May 16, 2014 7:09pm EDT  --  Report as abuse
Bugzy wrote:

GM just can’t learn from the European car manufacturers. Hope the fine goes to the family of victims that GM sent to early graves because they didn’t recall at the right time. VW better don’t mess with me and recall ASAP once you find a fault.

May 16, 2014 8:01pm EDT  --  Report as abuse
betrayed wrote:

One Super Bowl commercial ONE this government is a joke I wonder how much the DNC got for campaign funs from GM. Inept corrupt Obama administration.

May 16, 2014 8:42pm EDT  --  Report as abuse
p19 wrote:

Should have ben 35 billion. I’ve owned several GM cars. I’ll never own another.

May 16, 2014 9:04pm EDT  --  Report as abuse
gordo53 wrote:

How about the rotting brake lines affecting millions of GM full size trucks and SUVs? My dealer tells me the problem exists for all models from the late ’90s until as recently as 2007. Never a word from GM. When the brake line fails, there is a complete loss of braking – the pedal goes to the floor. I wonder how many accidents and fatalities were caused by this defect.

May 16, 2014 11:47pm EDT  --  Report as abuse
gordo53 wrote:

How about the rotting brake lines affecting millions of GM full size trucks and SUVs? My dealer tells me the problem exists for all models from the late ’90s until as recently as 2007. Never a word from GM. When the brake line fails, there is a complete loss of braking – the pedal goes to the floor. I wonder how many accidents and fatalities were caused by this defect.

May 16, 2014 11:47pm EDT  --  Report as abuse
AH100m wrote:

$35m is chump change for GM. How much bonus $ have the GM execs collected over the past years ? The top guys in engineering, quality, and legal should have to pay the fine. Criminal charges ?

May 18, 2014 7:57am EDT  --  Report as abuse
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