GM Fined 35 Million for Ignition Switch Delays
The $35 million penalty from U S federal safety regulators tops penalties for delaying ignition switch defect reporting linked to at least 13 deaths. GM agreed to faster reporting and expanded oversight while facing parallel criminal probes and dozens of lawsuits.
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Key events in GM ignition switch recall timeline
Summary of GM ignition switch defects and recall milestones from 2001 to 2015, linking switches to stalling and air bag failures. Highlights include design changes in 2006, recalls of 1.6 to 2.6 million small cars, fatalities such as Amber Marie Rose in 2005, investigations by NHTSA and the Justice Department, Barra's leadership actions, and financial impacts including charges and profit drops.
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GM bans words for safety issue notes in recall case
GM circulated a 68 word list banning terms like safety and defect to describe potential safety problems in recalls of 2.6 million older model cars. The list appears in a 2008 training document released amid a 35 million dollar U.S. penalty for failing to report the defect timely.
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Detroit
General Motors
U.S
Hindenburg
Darden to sell Red Lobster to Golden Gate Capital
Darden Restaurants to sell Red Lobster and adjacent real estate to Golden Gate Capital for 2.1 billion in cash. CEO Clarence Otis argues Red Lobster struggles to attract higher income customers while Olive Garden also loses customers amid menu and marketing changes.
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Red Lobster
New York
Olive Garden
Orlando
Fla
Golden Gate Capital
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