Tag: Federal

By on March 30, 2016

 

Ren Cen. GM

A federal jury has concluded that while General Motors sold cars with defective ignition switches, they weren’t the cause of a Louisiana accident, Reuters is reporting.

The two-week trial — the second related to the scandal — concerned the crash of a 2007 Saturn Sky on a New Orleans bridge that complainants Dionne Spain and Lawrence Barthelemy said was caused by a faulty ignition switch.

(Read More…)

By on September 19, 2009

The 276 Concept was a project by four students and two professors of the HBK Saar Design School in Germany for the 2006 AMI Motor Show in Leipzig.(courtesy diseno-art.com)

Automotive News [sub] brings glad tidings for auto execs drunk on Clunkers: “September’s light-vehicle sales rate will fall to 8.8 million units, consumer auto site Edmunds.com said. That would be the lowest rate in nearly 28 years, tying the worst demand on record.” Well, I did predict an 8m seasonally-adjusted annual sales (SAAR) rate. But did they listen? Noooooo. “They” had to spend $3 billion of taxpayers’ money on a cash infusion that did nothing—zip—to improve the industry’s long term well being. Or even longer. In fact, what’s the bet that the news (which hits for real on October 1) will trigger MORE federal spending on the ailing American automakers? You ain’t seen nothing yet. “Many people regard February as the darkest month of the recession, but even then the SAAR was higher, at 9.1 million units,” Edmunds.com senior statistician Zhenwei Zhou said in a statement. Expect to hear more apocalyptic pronouncements at an MSM outlet near you soon.

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