General Motors (GM) CEO Mary Barra took on the expected barrage of testy questions from a House panel yesterday, but disclosed very little fresh information on the delayed recall over faulty ignition switches. Much of the testimony was apologetic in nature.
The exec did reveal that attorney Ken Feinberg will act as a consultant in working on a plan to compensate families of accident victims linked to the recall issue. Feinberg has ample experience in the area after supervising claim funds for BP following its Gulf of Mexico oil spill.
GM +0.3% premarket after a see-saw day yesterday amid Barra's testimony and a strong (but late) U.S. March sales report which showed sales momentum building for the automaker.