- General Motors (GM +0.8%) CEO Mary Barra continues her testimony in Washington DC today, this time in front of U.S. Senators.
- The politicians are extracting their pound of flesh from Barra, while the exec steadfastly maintains that the culture on safety has changed at GM for the better.
- A major problem for the automaker is that internal documents seem to indicate GM took costs into consideration when deciding whether or not to issue a recall. There is also confusion as to why a part number wasn't changed after problems with the ignition switch were first unveiled.
- Another sticking point for Senators is that no GM employee has yet to be fired over the recall issue. Some of the legislators have expressed surprise that no internal Code Red was issued by Barra or her predecessor.
- Live stream of GM hearing