Category: People

By on June 12, 2014

File photo of General Motors logo outside its headquarters at the Renaissance Center in Detroit

Bloomberg reports the compensation fund designed by attorney Kenneth Feinberg for General Motors will have “a relatively modest timetable to invite claimants to file their claims” once the claim period begins August 1. Feinberg also said by the end of June, he and his team will have a program “that will define who’s eligible to file a claim… what the dollars will look like for those who file,” as well as the obligations the plaintiffs will need to have “to prove their claim.” GM CEO Mary Barra added that her company won’t know the final cost of the fund “until the actual compensation has been run,” though an estimate may come at the end of Q2 2014.

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By on June 12, 2014

Mary Barra

As promised in April before both the U.S. House and Senate, General Motors CEO Mary Barra will appear next Wednesday in Washington, D.C. for a second round of congressional hearings over the February 2014 GM ignition switch recall.

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By on June 10, 2014

RenCen1

Reuters reports the lawsuits filed against General Motors over its decade-plus handling of the ignition switched linked to 13 fatalities and 54 accidents will all be reviewed by U.S. District Judge Jesse Furman in the Southern District of New York, as ruled Monday by the U.S. Judicial Panel on Multidistrict Litigation. The panel determined New York to be the appropriate venue for the hearings based upon the court’s handling of the 2009 bankruptcy that allowed the automaker to shed its former self, liabilities and all. The lawsuits to be heard by the bankruptcy judge involve economic damages, suits GM wants the judge to determine if they are blocked by the liability protections established upon its exit from bankruptcy.

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By on June 10, 2014

tesla-model-x

Ever wanted your own Tesla, but didn’t have the thousands of dollars to order one? The automaker could soon make your dream possible by providing the patents to anyone who wants to make their own Tesla-based EV.

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By on June 9, 2014

UAW + UniteHere Protest June 2014

Though the United Auto Worker’s fight for organization of the transplants in the Southeastern United States rages on, the union will not be taking as much from its war chest to fund the fight than in previous years.

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By on June 6, 2014

Dennis Williams

Automotive News reports new United Auto Workers president Dennis Williams let it be known before the 1,100 delegates at the 36th UAW Constitutional Convention in Detroit that the union’s focus will be on contract negotiations with the Detroit Three in 2015, and the national elections of 2014 and 2016. Regarding the former, Williams proclaimed that the time for making concessions had come to an end, vowing to fight on for workers’ rights and social and economic justice. He also addressed the leadership history of the union, providing examples of the challenges each president has had to face during their term, even if the answers left the membership confused at first.

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By on June 6, 2014

Mary Barra at 2014 Detroit Auto Show

Automotive News reports General Motors CEO Mary Barra delivered a 15-minute blistering speech before those in attendance and online regarding the Valukas report, which detailed the how and why a defective ignition switch first brought to life in 2001 led to the February 2014 recall of 2.6 million vehicles so equipped and the firestorm that followed. In her words, “nobody took responsibility” for the problems, that “there was no demonstrated sense of urgency” during the time period to fix the problems that still haunt the automaker. Barra added that she would never put the recall crisis behind GM, to “keep this painful experience” permanently upon the head of the corporation so as nothing like this would ever occur once more. At the end, she proclaimed her belief in GM and its employees in being able to face “the truth” about itself, and that the General overall was better than its previous actions.

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By on June 4, 2014

UAW President Bob King Speaking At 36th UAW Constitutional Convention

Automotive News reports the United Auto Workers have approved a dues increase to 2.5 hours of pay per month during the 36th UAW Constitutional Convention in Detroit. The increase, the first since 1967, is expected to bring in nearly $50 million annually to the newly renamed International Strike and Defense Fund. Though a majority supported the increase through a show of hands after a voice vote proved inconclusive, the move was hotly debated prior to voting.

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By on June 4, 2014

Kenneth Feinberg

The Detroit News reports Kenneth Feinberg, whose services were retained by General Motors regarding compensation for victims of the out-of-spec ignition switch linked to 47 accidents and at least 13 fatalities, stated an announcement regarding compensation is “a few weeks away.” Feinberg adds that while his client may be making its own statement on the matter, “it will not include any details about a compensation plan since no such plan yet exists.” The attorney has worked on similar programs in the past, including those affected by the 2011 BP/Deepwater Horizon disaster, Agent Orange, asbestos and the attacks in New York, Pennsylvania and Washington, D.C. in early September of 2001.

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By on June 3, 2014

2014 UAW Constitutional Convention

Automotive News reports Volkswagen Global Works Council General Secretary Frank Patta addressed the 1,100 attendees in Cobo Hall during the first day of the 36th UAW Constitutional Convention in Detroit. Through a translator, Patta urged the union to wage a new fight for the VW factory in Chattanooga, Tenn. — where both unions lost the right to organize workers in a close election back in February — proclaiming the election “was stolen” by outside anti-union politicians and political groups. Finally, he vowed that his works council will continue to back the UAW in all of the latter’s efforts to organize non-union shop floors throughout the Southeastern United States and elsewhere, believing the efforts will see both parties ultimately prevail in their respective goals.

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By on June 2, 2014

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This week, the United Auto Workers will select a new president to take up where outgoing president Bob King will be leaving behind in the wake of a crushing loss in Tennessee, low but growing membership rolls, and dwindling budgets.

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By on June 2, 2014

GM-CEO-Dan-Akerson-at-New-York-Stock-Exchange

Last week, the B&B learned from former General Motors CEO Dan Akerson that current CEO Mary Barra did not know about the ignition switch that has since given his old company a months-long headache. The B&B then asked if Akerson himself knew of the problem on his way to be at his wife’s side and that of his colleagues at The Carlyle Group.

Automotive News reports the answer is “No.” In a post on Forbes magazine’s blog, both he and GM chair Tim Solso claim they didn’t know about the ignition switch issues at the heart of the February 2014 recall of 2.6 million vehicles. Akerson stated that if he had known about the problem, Barra would have been made aware as he handed the reins of the automaker to her in late December 2013. Solso says he didn’t become aware until after Barra called him to let him know the bad news, having become a non-voting member of the board in the following January.

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By on June 2, 2014

2015 VW Golf Main

In an effort to keep its U.S. customer base satisfied — and to potentially boost sales — Volkswagen is planning on delivering the goods to the market at a faster clip than current.

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By on May 29, 2014

Dan Akerson

Automotive News reports former General Motors CEO Dan Akerson proclaimed in an interview with Forbes magazine that current CEO Mary Barra had no knowledge of the out-of-spec ignition switch that led to the February 2014 recall of 2.6 million vehicles, going as far as to bet his own life on the statement. Barra added the fallout from the recall is a chance for GM to not only “do the right thing and serve the customer well through” the crisis, but “to accelerate cultural change” within the company. Akerson passed the torch to Barra in December 2013 to take time to care for his ailing wife, and has since rejoined Carlyle Group as vice chairman on its board of directors.

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By on May 23, 2014

Blurry Renaissance Center

Automotive News reports General Motors’ recall parade could, according to Barclays Capital analyst Brian Johnson, last well into the middle of the summer season. The data mining conducted by the automaker’s team of 60 safety investigators on 10 sources reporting potential problems — including consumer complaints and reports from its dealership network — will likely bring more recall requests before GM’s senior executives. Johnson adds that the investigators are working on likely defects on a per-issue basis instead of per-vehicle, which may mean a number of vehicles will be called back multiple times as the recall parade marches on; he also notes that its hard to discern if recalls of past vehicles have already peaked.

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