GM CEO’s Apologies Leave Bankruptcy Shield In Play
Law360, New York (April 1, 2014, 10:28 PM EDT) -- In congressional testimony Tuesday, General Motors Co. CEO Mary Barra refused to rule out using the company's bankruptcy to shield itself from liability for pre-2009 accidents, saying only that the post-bankruptcy automaker would never allow cost concerns to stop it from fixing a safety defect as lawmakers said the prebankruptcy company did.
The House Energy and Commerce Committee on Tuesday seized on new findings over the weekend that the automaker's engineers cited cost concerns when they decided in 2005 not to resolve an ignition switch problem in which certain Chevrolet Cobalt vehicles could be “keyed off” with a knee while driving....
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