Tag: Tim Solso

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.

(Read More…)

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.

(Read More…)

Recent Comments

  • ToolGuy: @Dan, The GMT400 vs. GMT800 question has always been interesting to me. I recently did some work on my...
  • sayahh: I used to buy Defenders but I haven’t been driving much, so I might get a set of Michelin’s Pilot...
  • Scoutdude: Be sure to look at the tirerack testing numbers too, at least for the tires that they have tested. That is...
  • Scoutdude: There are two basic kinds of analog gauges. One that return to 0 when power is removed and those that hold...
  • dal20402: These seem to be touring all-seasons, and the DWS06 is in the high-performance all-season category....

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber