And the GM hit's just keep on coming!
General Motors has discovered a problem with the supercharged 6.2-liter LSA V-8s fitted to certain versions of the Cadillac CTS-V and Chevrolet Camaro ZL1. The affected models are all 2009-2013 CTS-Vs...
Forum Discussion
fla-gypsy wrote:coolbreeze01 wrote:
And that's that.
6/5/14
"WARREN, Mich. (AP) — General Motors said Thursday that it has forced out 15 employees for their role in the deadly ignition-switch scandal and will set up a compensation fund for crash victims, as an internal investigation blamed the debacle on engineering ignorance and bureaucratic dithering, not a deliberate cover-up."
A few scapegoats, hardly the crux of the matter. GM's own internal investigation found "No cover up". Wow that was hard to predict. It will be interesting to see what the juries in the lawsuits have to say about GM's complicity in a cover up if any of them ever make it to trial. I think GM is hoping they have enough cash to keep these away from a jury.
They do have 30 billion cash on hand. Ken Feinberg, the 'auto czar' from the Obama administration that steered GM and Chrysler through their reorganizations was appointed by Mary Barra to oversee the compensation fund which has been termed by her to be 'open ended'.
