GM Ignition Switch Compensation Plan Statistics
September, 2014
The GM Feinberg plan’s first statistics are available (attached) and show: * 125 Deceased Claims Received, but only 19 determined to be eligible to date.
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September, 2014
The GM Feinberg plan’s first statistics are available (attached) and show: * 125 Deceased Claims Received, but only 19 determined to be eligible to date.
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September, 2014
Two informative articles provide perspectives people concerned with crash victims should know about. The first, in WardsAuto, argues that if Congress increases information disclosure requirements on auto companies, corporations would not be protected from monetary losses. Seehttp://wardsauto.com/industry-voices/public-disclosure-industry-data-could-hamper-not-help-vehicle-safety
The second, in Automotive News, describes NHTSA performance in defending its failures to protect Americans from losses of life and livelihoods for a decade. Seehttp://www.autonews.com/article/20140922/OEM11/309229959/now-its-nhtsa-under-fire#
Information on proposed legislation is at https://www.careforcrashvictims.com/blog-schakowsky.php
September, 2014
The Detroit Bureau reports:
“Despite the recall of more nearly 30 million vehicles in the U.S. this year, concerns about subprime lending and a lackluster showing in the stock market, Standard & Poors has given GM a much-needed endorsement, raising the company’s credit rating to investment grade.
The announcement comes at a welcome moment for GM, which has watched its share price slide 20% since the beginning of the year, even while the S&P 500 has gained 20%. It also coincides with a generally positive cover story in Time magazine featuring CEO Mary Barra.”
See http://www.thedetroitbureau.com/2014/09/gm-regains-investment-grade-rating-from-sp/
Without comment,

September, 2014
http://www.latimes.com/business/autos/la-fi-hy-gm-ignition-switch-deaths-claims-20140915-story.html
September, 2014
This decision by the current Attorney General (AG) opens questions about the policies of the Obama Administration regarding failures to protect Americans from crash injuries and deaths as well as preventing crimes in the suites – both corporate and governmental.
The NY Times Editorial reviewing Mr. Holder’s record noted:
“On the financial front, he did not prosecute a single prominent banker or firm in connection with the subprime mortgage crisis that nearly destroyed the economy. These are not accomplishments to be proud of.
Of course, Mr. Holder has always served at the pleasure of the president, who has his own policy priorities and political survival to consider.” Seehttp://www.nytimes.com/2014/09/26/opinion/eric-holders-legacy.html?module=Search&mabReward=relbias%3As%2C{%221%22%3A%22RI%3A8%22} Last year the NY Times noted: “At the same Wednesday judiciary committee meeting where Attorney General Eric Holder hemmed and hawed before acknowledging that the president cannot authorize a drone strike on American soil, against an American terrorist suspect posing no imminent threat, he explained why the Justice Department has failed to bring criminal charges against a single Wall Street bank. Mr. Holder suggested, as a Financial Times headline put it this morning, that some banks are “too big to jail.”….
“Mr. Holder said: “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.”
“It’s nice and all that Mr. Holder cares about the stability of the global financial system, but that is not Mr. Holder’s job. As attorney general he is the country’s top law enforcement officer, and in that capacity he should prosecute criminals and criminal institutions.
“As we wrote in an editorial after the no-indict decision, “when prosecutors choose not to prosecute to the full extent of the law in a case as egregious as this, the law itself is diminished. The deterrence that comes from the threat of criminal prosecution is weakened, if not lost.”” See http://takingnote.blogs.nytimes.com/2013/03/07/banks-above-the-law/
So in the endless cases of crash deaths and serious injuries currently resulting in nearly 100 crash deaths and 400 serious crash injuries per day under the Obama Administration and no criminal prosecutions of a single corporate or government official is it not time for reform? It is a time when the President’s decisions on who will replace AG Holder and NHTSA Deputy Administrator David Friedman will reveal who is most responsible for the nation’s failures to protect Americans from crash deaths and serious injuries.
Currently under President Obama’s expected 8 years, the nation is on track to record nearly 250,000 crash deaths – more than twice the number of Americans who died in the Afghanistan, Iraq, Viet Nam, and Korean wars combined. Plus about 1 million serious crash injuries and $7 trillion in societal losses.
It’s time to change direction for the better — here in the U.S.A.
Last week President Obama spoke about problems all around the world as he is leading the U.S. into another war. At the Clinton Global Initiative President Obama said:
“No matter how dark the hour, we remember those words of Dr. King: “The time is always ripe to do right.”
See http://www.whitehouse.gov/the-press-office/2014/09/23/remarks-president-clinton-global-initiative
So now the time is ripe for President Obama to do right. Here in the U.S.A.
Lou
September, 2014
Sorry I missed this until now, but the House Energy and Commerce Committee has issued a Report with documents:
WASHINGTON, DC – The House Energy and Commerce Committee today released a new report written by the majority staff outlining the findings of its investigation related to the National Highway Traffic Safety Administration’s (NHTSA) role in the delay of the General Motors (GM) ignition switch recall. The report identified a number of key failures and missed opportunities by the nation’s automobile safety regulator in analyzing and responding to data and information provided to the agency, which contributed to NHTSA’s inability to identify the safety defect.
– See more at: http://energycommerce.house.gov/press-release/committee-report-details-nhtsa-failures-gm-ignition-switch-recall#sthash.RjVhT57e.dpuf“
And/or at
September, 2014
Progress continues along the bloody road of crash deaths and serious injuries.
Growing Public Information The NY Times publishes in one place links to its many landmark articles on the scandal so far. Seehttp://www.nytimes.com/interactive/2014/09/19/business/crisis-in-gm-auto-safety.html?mabReward=RI%3A5&action=click&contentCollection=Business%20Day®ion=Footer&module=Recommendation&src=recg&pgtype=article
“A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co (GM.N) in connection with its recall of millions of cars for a faulty ignition switch.
U.S. District Judge Jesse Furman in the Southern District of New York said plaintiffs could begin requesting documents from the company related to accidents, injuries and lost vehicle value linked to the switch that allegedly occurred after GM emerged from bankruptcy in 2009.”