The fix for a faulty ignition switch linked to 13 traffic deaths would have cost just 57 cents, members of Congress say, as they demand answers from GM's new CEO.
General Motors is recalling 1.3 million vehicles in the U.S. because the electronic power-steering assist can suddenly stop working.
After months of studying ignition-switch failures, GM canceled a proposed fix in 2005, when a project engineering manager cited high tooling costs and piece prices.
Consumer safety groups say NHTSA should have pressured GM to recall cars as early as 2007 to fix a defect involving faulty ignition switches deemed responsible for 13 deaths.
The U.S. congressional investigation into GM automobile defects will bring aggressive scrutiny to a company with powerful lobbying clout and strong ties on Capitol Hill.
A U.S. judge approved a deferred prosecution agreement with Toyota that resolves an investigation into safety issues and could serve as a model in a similar probe of GM.
Toyota's settlement with the U.S. government may deliver relief for Toyota shareholders and customers as a sign the automaker has put the four-year recall debacle behind it.
GM CEO Mary Barra apologizes for the lives lost in accidents linked to an ignition defect and pledges an aggressive probe into why a recall took so long.
The Justice Department may reach a $1 billion settlement with Toyota ending a four-year criminal investigation into the Japanese automaker's disclosure of safety problems.
After more than a decade of ducking evidence of a serious safety problem with more than a million GM cars, the company's recently named CEO tries to get in front of the issue.
GM is recalling 1.55 million vehicles, citing concerns over brakes, seat belts and air bags, adding to the 1.6 million cars already recalled this year due.
In 2012, Mitt Romney ran an ad suggesting that Chrysler was going to stop building Jeeps in Ohio and move production to China. He was wrong. The Toledo plant is hiring.
GM's thorny auto recall, a price increase for Amazon Prime and an investigation into a short-term lender were among the big events in the business world this week.
The number of millionaires in the U.S. increased by 7 percent last year, raising the total number of millionaires to 9.6 million, a record high.
The death toll related to an ignition flaw in eight small car models that General Motors sold a decade ago is likely to climb, say lawyers and safety advocates.
GMs' own engineers were talking about the ignition switch defect in several models almost a decade before the carmaker announced plans last month to recall 1.6 million cars.
The criminal investigation that opened Wednesday into GM's handling of an ignition flaw linked to 13 deaths threatens to overshadow the company's turnaround.
At the heart of GM's slow response to fatally flawed ignition switches is a committee culture that impeded the flow of information from the engineering ranks to the CEO.
A House panel will investigate the response of GM and U.S. regulators to consumer complaints about ignition-switch failures that are linked to at least 13 deaths.
GM, Ford and Toyota all reported U.S. sales declines in February, noting that the month started slowly but sales began to recover in the second half.
The sandwich chain Quiznos is running out of dough, and is reportedly is preparing to file for bankruptcy protection, partly because of declining sales.
Sam's Club is trying out an online subscription service similar to Amazon's that mainly focuses on basic consumer products, everything from paper towels to printer cartridges.
GM has doubled to 1.6 million the number of small cars it is recalling to fix faulty ignition switches linked to multiple fatal crashes.