DOT Questions Timing Of GM’s Faulty Switch Disclosures

Law360, New York (March 13, 2014, 2:01 PM EDT) -- U.S. Transportation Secretary Anthony Foxx told lawmakers Thursday that regulators are investigating whether General Motors Co. was slow to report faulty ignition switches in its vehicles, suggesting that the agency might have moved sooner to press the automaker to recall cars if it had known about the extent of the problem.

In 2005, the National Highway Traffic Safety Administration performed the first of three investigations into crashes involving some of the models of cars GM recalled last month, Foxx told a Senate panel.

“The results of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.