General Motors is looking at $300 million in recall repairs
this year with the final cost being much larger. GM will also most likely face
up too a billion in criminal settlements due to product negligence. GM is
protected from any wrongdoing that occurred before 2009 when they filed for
bankruptcy. Since then the company has waited more than 5 years to recall more
than 1.6 million units with faulty ignition switches. In this period accidents
and fatalities have occurred when they could have been prevented or at least
measures could have been taken. Not only does involve many private disputes,
but also falls under tort law, and civil law. The players involved are the
parties that have fallen victim to the companies’ negligence and the negligent
party GM Motors. People deserve to have their
vehicles held to certain safety standard and if that standard is compromised then
the company should move to correct it in a timely manner.
http://money.cnn.com/2014/03/20/news/companies/gm-recall-costs/index.html?iid=SF_BN_River
1 comment:
Thats unbelievable, talk about bad customer service. In a way I understand because the company is already bankrupted so they don't want loose any more money because they have none. However I feel like when it comes to peoples safety they should have stepped in a long time ago and they could have saved some peoples lives. Good read though thanks for the article.
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