Another big setback for General Motors over that recall of 2.5 million cars for defective ignition switches linked to at least 13 deaths. The National Highway Traffic Safety Administration now says the automaker has not met an April 3rd deadline to respond to its request for more detailed information about the recall. The regulator says GM failed to answer more than one third of the 107 questions about the faulty part and why it waited more than a decade to issue a recall after first learning of the problem. GM has been fined $28,000 and faces fines of $7,000 a day until it fully complies.
About NBR“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.
- One island welcomes all vaccinated travelers — but some may want to wait
- An 'aggressive' fight over containers is causing shipping costs to rocket by 300%
- Stock futures jump ahead of the busiest week of earnings
- Biden to impose travel restrictions on South Africa, U.K. and Brazil to mitigate new Covid strains
- China surpasses U.S. as largest recipient of foreign direct investment during Covid pandemic
NBR on TwitterMy Tweets
Subscribe to RSS