Tag: Delphi

By on November 17, 2014

Raymond DiGiorgio

Since being dismissed from General Motors in June of 2014, the engineer cited by the Valukas report as the main culprit behind what would lead to the February 2014 ignition switch recall crisis had been in seclusion. Until now.

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By on November 12, 2014

General Motors headquarters in Detroit, Michigan

General Motors disclosed more deaths linked to the February 2014 ignition switch recall in its quarterly report to the National Highway Traffic Safety Administration, but more headaches await the automaker as the spotlight focuses on CEO Mary Barra’s actual role in the recall in the first place.

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By on November 11, 2014

A recalled Chevy Cobalt ignition switch is seen at Raymond Chevrolet in Antioch

Just when you thought the meat of the story had long since been consumed, a lovely roast was just delivered courtesy of an email chain between General Motors and Delphi regarding a large order of parts months ahead of the February 2014 ignition switch recall.

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By on September 12, 2014

Delphi HQ Sign

Earlier this week, General Motors CEO Mary Barra announced that Cadillac would be the first of her company’s brands to receive V2V and V2I technologies, which would be introduced in the 2017 CTS and the unnamed F-segment flagship recently green-lighted.

Today, we know who will be supplying those technologies: supplier Delphi.

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By on August 6, 2014

Delphi-Logo

From Bloomberg’s Zachary Mider comes a new allegation regarding the restructuring of (formerly) American parts maker Delphi: the Treasury Department under Obama helped the company re-incorporate in England as part of a tax avoidance strategy. If that’s true, it’s an embarrassing revelation for a President who recently condemned American companies that incorporate abroad as “corporate deserters.” Like many things in the financial world, however, appearances are often deceiving.

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By on July 18, 2014

General Motors CEO Mary Barra Testifies Before Senate Committee About GM's Recalls

Under fire from the U.S. Senate Commerce Committee for not having fired General Motors’ top counsel Michael Millikin, CEO Mary Barra defended her decision to keep him on the company payroll during Thursday’s hearing over the February 2014 ignition recall crisis.

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By on July 15, 2014

Delphi HQ Sign

Though under investigation by the Internal Revenue Service over abode issues, Delphi says it is not under investigation by the U.S. Department of Justice over its part of the February 2014 General Motors ignition recall.

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By on June 30, 2014

GM Renaissance Center

In today’s General Motors digest: GM recalls over 700,000 units globally; Siemens VDO Automotive urged the automaker to look into airbag data in 2004; product chief Doug Parks was aware of the ignition problems in 2005; Feinberg compensation plan will have no payment cap; and Delphi is under the gun from both Congress and the IRS.

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By on June 27, 2014

Mary Barra at 2014 Detroit Auto Show

In today’s General Motors digest: The automaker rescinds its stop-sale of 33,000 Chevrolet Cruzes over Takata air bag issues, recalls 29,019; Delphi turns over documents to a federal grand jury; Kenneth Feinberg’s compensation plan will be revealed Monday; and CEO Mary Barra says more recalls may be coming, but no more people will be fired as a result of the Valukas report.

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By on June 23, 2014

ChevyDealership03.jpg

With 2.6 million vehicles needing new ignition switches fueling service bay backlogs, General Motors is offering its dealership network incentives to speed up the process.

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