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Documents show GM's early knowledge of switch defect

By Eric Beech, Paul Lienert and Richard Cowan WASHINGTON/DETROIT (Reuters) - General Motors engineers were well aware of serious problems with ignition switches in GM small cars, but rejected several opportunities to make fixes, according to dozens of confidential documents released on Friday by a Congressional committee investigating the deadly defect. Parts supplier Delphi Automotive also repeatedly tested switches and found they did not meet GM specifications, according to emails and other memos.

GM head knew of steering problem in 2011

General Motors chief executive Mary Barra was told in 2011 of steering problems on cars involved in this year's recall and linked to 13 deaths, a document released Friday showed. US lawmakers published an internal email, dated October 3, 2011, from a GM engineer to Barra, who at the time was head of product development at the largest US automaker. The email includes a New York Times article of the same date about the National Highway Traffic Safety Administration's investigation of steering problems with the Saturn Ion.

New documents show GM slow to act on recalls; CEO was aware of separate safety issue

DETROIT - Documents released by a House subcommittee show that managers and employees at General Motors were often slow to react to safety problems — and that one part of GM often didn't know what another was doing. One of the documents is an email showing that General Motors CEO Mary Barra was made aware of power steering problems with the Saturn Ion back in October of 2011, when she was head of product development. It took the company more than two years to recall the cars for that problem.

GM stock hits 10-month low after Standard & Poor's raises doubts about credit rating upgrade

DETROIT - Shares of General Motors Co. sank to a 10-month low Friday amid continuing fallout from a mishandled recall of 2.6 million small cars. Standard The stock fell $1.37, or 4.1 per cent, to close at $31.93, with most of the decline in the middle of the afternoon. It's the first time the shares have dropped below GM's 2010 initial public offering price of $33 since June of last year.

Insight: Deadly GM ignition switches started with 2003 Saturn Ion

By Paul Lienert and Marilyn Thompson DETROIT/WASHINGTON (Reuters) - The 2003 Saturn Ion was supposed to be a pivotal car for General Motors Co. Instead, it came to represent the compromises and corner cutting that almost destroyed GM and now find the company in a global recall of some of its most popular models.

GM stock hits 10-month low after Standard & Poor's raises doubts about credit rating upgrade

DETROIT - Shares of General Motors Co. sank to a 10-month low Friday after Standard GM shares dropped to a low of $31.82, down 4 per cent, in afternoon trading. It's the first time the shares have dropped below GM's 2010 initial public offering price of $33 since June of last year. The shares have fallen more than 8 per cent since Feb. 13, when GM began a series of recalls, including 2.6 million small cars for a deadly ignition switch problem that is linked to 13 deaths. About half of that drop came on Friday.

GM stock hits 10-month low after Standard & Poor's raises doubts about credit rating upgrade

DETROIT - Shares of General Motors Co. sank to a 10-month low Friday after Standard GM shares dropped to a low of $31.82, down 4 per cent, in afternoon trading. It's the first time the shares have dropped below GM's 2010 initial public offering price of $33 since June of last year. The shares have fallen more than 8 per cent since Feb. 13, when GM began a series of recalls, including 2.6 million small cars for a deadly ignition switch problem that is linked to 13 deaths. About half of that drop came on Friday.

Senators ask Justice Department to intervene in GM recalls

WASHINGTON (Reuters) - A group of U.S. senators on Friday urged the Department of Justice to oppose any efforts by General Motors Co to skirt financial responsibility related to the company's failure to promptly recall vehicles with ignition switch problems linked to 13 deaths. The five Democratic senators, in a letter to Attorney General Eric Holder, said the Justice Department should "intervene in pending civil actions to oppose any action by GM to deny responsibility for damages."

U.S. regulators close Ford F-150 probe without request for recall

DETROIT (Reuters) - U.S. safety regulators said on Friday they have closed an investigation into complaints of reduced power in Ford F-150 pickup trucks, stopping short of requesting a recall. Ford came up with a protective shield that kept condensation from developing to the point that it caused the engine to misfire in nearly all of F-150s it tested. Dealers were informed through a series of technical service bulletins, and NHTSA was satisfied that the problem was solved without Ford conducting a recall.

BMW extends recall over possible faulty engine bolt to some half-million cars worldwide

BERLIN - German automaker BMW is issuing a worldwide recall of many models of cars with certain six-cylinder gas motors after identifying a problem with a bolt used in the engine. The company said Friday that a recall started in China last week has now been extended worldwide, affecting 489,000 vehicles, including 156,000 in the U.S.
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