Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

GM Is Set to Face Criminal Charges Over Ignition Switches
WSJ ^ | May 23, 2015 | CHRISTOPHER M. MATTHEWS & MIKE SPECTOR

Posted on 05/24/2015 12:01:02 PM PDT by jazusamo

General Motors will likely be prosecuted over ignition switches linked to deaths

Federal prosecutors are closing in on criminal charges against General Motors Co. over a faulty ignition switch linked to more than 100 deaths, but they are still weighing whether to charge individual employees, according to people familiar with the matter.

The Manhattan U.S. attorney’s office has determined GM likely broke the law by making misstatements about the ignition-switch glitch in older Chevrolet Cobalts and other cars for more than a decade and will likely extract a fine exceeding $1 billion from the company, the people said. GM will either plead guilty or enter a so-called deferred-prosecution agreement, they said.

A deferred-prosecution agreement would mean the company would face charges that would be suspended and ultimately dismissed if it abides with prosecutors’ terms.

Prosecutors’ investigation is at an advanced stage, though the criminal case may yet fall apart, some of the people said.

Prosecutors believe that GM is likely to strongly argue against a guilty plea, one of the people familiar with the matter said. If the case moves forward, it would be the second brought by U.S. prosecutors in an unprecedented crackdown on auto makers for safety problems.

“We are cooperating fully with all requests, but we are unable to comment on the status of the investigation, including timing,” a GM representative said Saturday.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: criminalcharges; doj; generalmotors; gm; ignitionswitch
Navigation: use the links below to view more comments.
first 1-2021-34 next last

1 posted on 05/24/2015 12:01:02 PM PDT by jazusamo
[ Post Reply | Private Reply | View Replies]

To: jazusamo

Sounds like somebody’s in for a hefty fine. And by somebody, I mean nobody.


2 posted on 05/24/2015 12:02:56 PM PDT by Wolfie
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Get out your checkbook, America! Time for yet another bailout! Grrrrrr!


3 posted on 05/24/2015 12:04:10 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
Remember when Toyota settled for billions (was it?) over "unintentional acceleration" claims?

GM has so far been untouched by this.

4 posted on 05/24/2015 12:06:51 PM PDT by 9thLife ("Life is a military endeavor..." -- Francis)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin; 9thLife

Possible, my friend. The law firm hired by GM has acknowledged 104 deaths at last count plus many injuries.

The criminal fine could exceed the Toyota fine of $1.2Bil.


5 posted on 05/24/2015 12:11:43 PM PDT by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin....and the turkey has.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: jazusamo

Hey! I’m all for punishing them if negligent - I just don’t wanna pay for it in the end!

Oh, who am I kidding? I pay for cr@p with my tax dollars that I’d rather NOT, every d@mn day. :)


6 posted on 05/24/2015 12:13:43 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 5 | View Replies]

To: jazusamo

I’m sure a lot of people at GM knew about this and did nothing, especially the prior CEOs. If the evidence is there, should someone be prosecuted? I think yes. It would definitely send a strong message that this isn’t to be tolerated anymore.


7 posted on 05/24/2015 12:15:12 PM PDT by rbg81
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Government Motors is going to indict itself.


8 posted on 05/24/2015 12:17:19 PM PDT by E. Pluribus Unum (Islamophobia. A word created by fascists and used by cowards to manipulate morons. -- Andrew Cummins)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
GM should give some CASH to Obozo in the FORM of an IMMENSE fine and all will GO AWAY criminally.

Ah yes.. the show goes on!

9 posted on 05/24/2015 12:17:28 PM PDT by VideoDoctor
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

I hear ya. If GM takes another dive the government had better not come up with another phony bailout, GM should be forced into a normal bankruptcy.


10 posted on 05/24/2015 12:18:26 PM PDT by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin....and the turkey has.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: jazusamo
... will likely extract a fine exceeding $1 billion from the company...

Complete bullshit!!

Any fine will ultimately be paid for by the GM stock holders.

This stuff drives me crazy. A fine provides GM with no incentive to do better.

It's time to start putting people in jail. THAT provides incentive.

11 posted on 05/24/2015 12:18:49 PM PDT by upchuck (The current Federal Government is what the Founding Fathers tried to prevent. WAKE UP!! Amendment V)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rbg81

Agreed and that’s brought up in the article. An engineer, Raymond DeGiorgio is on the hot seat, if anyone is prosecuted it’ll probably be him.


12 posted on 05/24/2015 12:22:33 PM PDT by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin....and the turkey has.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: upchuck

Yep, there should be many go to jail but I doubt it’s going to happen.


13 posted on 05/24/2015 12:24:59 PM PDT by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin....and the turkey has.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: jazusamo

White Racist Tea Party Bush Loving Gun Toting Bible Thumping Christians are to blame!/s


14 posted on 05/24/2015 12:27:04 PM PDT by Dallas59 (Only a fool stumbles on things behind him.)
[ Post Reply | Private Reply | To 1 | View Replies]

Please bump the Freepathon or click above to donate or become a monthly donor!

15 posted on 05/24/2015 12:30:16 PM PDT by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin....and the turkey has.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

And then there was that young woman in Texas who actually served jail time for vehicular manslaughter when it was the GM ignition switch/loose key that caused the wreck.


16 posted on 05/24/2015 12:36:51 PM PDT by Timber Rattler (Just say NO! to RINOS and the GOP-E)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Timber Rattler

I’d forgotten about that, a passenger (boyfriend?) was killed, wasn’t that what happened?


17 posted on 05/24/2015 12:39:11 PM PDT by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin....and the turkey has.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: jazusamo

Didn’t GM go light years out of the way to crucify Toyota over what later turned out to be fake “uncontrolled acceleration” events?
(Much as they did with the Audi 5000 back in the 80’s?)


18 posted on 05/24/2015 12:58:46 PM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Silly businessmen, to get away with stuff like this you have to work for the government.


19 posted on 05/24/2015 1:00:59 PM PDT by GMMC0987
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Some articles at the following link:

https://www.google.com/?gws_rd=ssl#q=texas+woman+charged+with+manslaughter+ignition+switch+ION


20 posted on 05/24/2015 1:10:25 PM PDT by deport
[ Post Reply | Private Reply | To 17 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-34 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson