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GM raises estimate for number of crashes linked to faulty ignition switches

  • General Motors (GM) has connected 47 crashes to small cars with faulty ignition switches, up from a prior figure of 31.
  • However, GM maintained that the number of fatalities linked to the defect is 13, as it has previously argued.
  • In contrast, the Highway Traffic Safety Administration reckons that "it's likely that more than 13 lives were lost."
  • The independent Center for Auto Safety, a Washington-based watchdog group, said in March that it believes that 303 people were killed when airbags failed to open because of the fault.
  • Also see: General Motors recalls by the numbers
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Comments (9)
  • funfun
    , contributor
    Comments (3557) | Send Message
     
    GM's evasive Management and their PR operatives continue to cling to the fake figure of "13 deaths", notwithstanding substantial evidence adduced by independent researchers and counsel for GM victims that the number of deaths and injuries caused by their lethal car parts is much higher. The same old customer-hostile culture of deception is alive and well at the so-called "new" GM. …funfun..
    25 May 2014, 07:29 AM Reply Like
  • Rope a Dope
    , contributor
    Comments (703) | Send Message
     
    GM managed to skate on the 2,000 deaths that resulted from their sidesaddle gas tanks and I have little doubt they'll be slapped on the wrist for the 13 plus deaths from this issue.
    25 May 2014, 01:47 PM Reply Like
  • Frank79
    , contributor
    Comments (57) | Send Message
     
    Fun, I believe you short GM desperately. But in addition to providing nonsense comments after each GM news, you should learn.
    25 May 2014, 02:16 PM Reply Like
  • cbmetcalfe
    , contributor
    Comments (86) | Send Message
     
    I second this motion...
    25 May 2014, 10:29 PM Reply Like
  • capitolp
    , contributor
    Comments (694) | Send Message
     
    Nothing says Thank You better than killing off some of the customers that bailed you out.
    25 May 2014, 04:57 PM Reply Like
  • funfun
    , contributor
    Comments (3557) | Send Message
     
    Investors should be aware of the desperate attempts to manage and suppress the news on these crashes and deaths. On the CNNMoney site discussing the subject today, May 25, 2014, nearly a score of readers' comments questioning or critical of the handling by GM Management were summarily CENSORED without warning or explanation. Either the site was hacked by pro-GM Management operatives or GM Management and their lawyers have put pressure on CNN (perhaps in return for advertising dollars). In either event, there is some dirty business going down within this waxing GM scandal.

     

    …funfun..
    25 May 2014, 07:10 PM Reply Like
  • maximumvalues
    , contributor
    Comments (629) | Send Message
     
    GM WEEKLY CHART ... HEAD/SHOULDERS PATTERN ... neckline is $34.40 ... this break of the level, if we stay below it for another week... points to $27.00... this is a great risk reward short. I'm long GM $34 PUTS and will stay in them so long as we stay below $34.40 this week.
    26 May 2014, 12:05 AM Reply Like
  • User 20160191
    , contributor
    Comment (1) | Send Message
     
    Question a companies morale standing if it is prepared to use it's Bankruptcy as an excuse for avoiding doing what is right for those customers who bought their products and put their trust in the vehicles only to lose their lives...... Would not be investing in them at all!
    26 May 2014, 09:05 PM Reply Like
  • lemm
    , contributor
    Comments (846) | Send Message
     
    User,from what I have read GM isn't hiding behind the bankruptcy for deaths or injuries.What they are contesting are the ones wanting compensation for lost value of their cars.Sites that track resale values of used cars have said they haven't lost much value sense the recall,and in my opinion why should they? The cars are all old used cars,the owners can have a free loaner if they don,t want to drive them, and GM is going to fix them for free. Just another way for lawyers to make a fast buck.Deaths and injuries are terrible,that is another story,and GM should be held accountable.Just my opinion
    27 May 2014, 08:24 AM Reply Like
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