In today’s General Motors digest: An ignition-related issue is quietly fixed years before the February 2014 recall; a Chinese supplier is blamed for defective switches recalled in June; Ally prepares to take flight from the Beltway; and Mark Reuss helps bring back a Corvette stolen 33 years ago.
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.
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.
Turning up alongside the new-for-United States Chevrolet Trax, the 2015 Corvette Z06 posed topless before the cameras at the 2014 New York Auto Show. Speaking of, the top can be raised at speeds of up to 30 mph, while the car itself can go from naught to 60 in 3.5 seconds; the time matches that of the hardtop variant.
Aside from “real racers” who insist The 24 Hours of LeMons is a joke, everyone else understands this series’ willingness to embrace engineering and artistic creativity, providing somewhat-wholesome entertainment and—best of all– giving away a metric ton of track time for little cash. As a member of the LeMons Supreme Court in their Texas races, well, bias from judicial bribes and heartless praise bestowed upon me aside…
…here’s a dirty little secret: you can go LeMons racing in any fully depreciated machine with ZERO PENALTY LAPS, no matter how awesome the vehicle was when new. Provided you bend (not break) the rules with your whip. And give everyone a good reason to love/hate you. The Poorvette is proof positive. (Read More…)
Seeing a bunch of Corvettes in a hole sucks. It got me thinking though, about how falling into a Kentucky sinkhole last week was probably the most exciting thing to happen to the cars on display at the National Corvette Museum in quite a while. That’s a damn shame.
The National Corvette Museum in Bowling Green, Kentucky suffered major sinkhole damage yesterday. Now the fate of several important Corvettes, and perhaps the museum itself, hangs in the balance. (Read More…)
You know how there was no 1983 Corvette, and then the C4 finally came out in 1984, and it had this terrible twin-throttle-body fuel-injection system? Of course you do. Anyway, C4 Corvettes are worth enough these days that they’re not common sights in self-service wrecking yards, and those that I do find have been picked pretty clean.. Shops that specialize in Corvettes intercept most basket-case examples before they get to these yards, but I found four C4s all together at a Southern California yard last month. Let’s check out a well-stripped example of the first of the good-handling Corvettes. (Read More…)
Chevrolet used the Consumer Electronics Show in Las Vegas to introduce what it says is an industry first for the 2015 Corvette, a factory equipped Performance Data Recorder that integrates video, audio and motorsport inspired telemetry recording to improve driver technique and lap times. Tadge Juechter, Corvette chief engineer, said in a statement, “The Performance Data Recorder combines the ability to record and share drive videos with the power of a professional-level motorsports telemetry system. Drivers can easily record and share their experiences driving down the Tail of the Dragon or lapping Road Atlanta. In addition, with the included telemetry software, users can analyze their laps in incredible detail and find opportunities to improve their driving and lap times.” The PDR will be available when the 2015 Corvette goes on sale in the third quarter of 2014 and pricing will be announced closer to launch. (Read More…)