The victim compensation expert raises the death toll from crashes involving GM cars with faulty ignition switches from 13.» Read More
WASHINGTON, Sept 16- Federal auto safety regulators played a significant role in General Motors Co's failure to promptly report and recall cars with defective parts that led to at least 19 deaths, a congressional report said on Tuesday.
*Opel to speed up localisation of suppliers. BERLIN, Sept 16- U.S. carmaker General Motors is cutting production and shedding around 500 jobs at its Opel division in Russia, hit by a plunge in local demand due to a slowing economy and Western sanctions.
General Motors' Opel said on Tuesday it would reorganize its Russian operations, responding to "difficult" conditions amid Ukraine woes.
Sept 15- The top U.S. auto safety regulator harshly criticized General Motors Co for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal" for safety recalls.
Ford Motor Co. fell$. 12 or. 7 percent, to $16.47. General Motors Co. rose$. 36 or 1.1 percent, to $33.63. Toyota Motor Corp. rose$. 05 or percent, to $117.16.
'Minecraft' could boost Microsoft's mobile reach. NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.
Companies making headlines after the bell Monday:
CNBC's Phil LeBeau reports the latest developments in the General Motors recall crisis. Kenneth Feinberg, GM compensation fund administrator, says 31 claims have been found eligible, the remainder are being processed.
Attorney Robert Hilliard, represents the families of the death victims suing GM. Hilliard says GM was flat wrong when they said there were 13 deaths while covering up the fraud. CNBC's Phil LeBeau provides insight.
General Motors' compensation fund announced its first round of victim claims relating to faulty GM vehicles. CNBC's Phil LeBeau reports the details.
There are 19 eligible claims for a person who died in a defective GM vehicle—and that number is likely to go higher.
Ford Motor Co. fell$. 12 or. 7 percent, to $16.48. General Motors Co. rose$. 47 or 1.4 percent, to $33.74. Honda Motor Co. fell$. 08 or. 2 percent, to $34.42.
CNBC's Phil LeBeau reports on the total number of compensation fund claims that have been received and approved by General Motors and attorney Kenneth Feinberg.
CNBC's Phil LeBeau speaks to attorney Ken Feinberg about the 445 claims already submitted since August 1. After speaking with families, Feinberg says this is not about the money for them, but more personal.
CNBC's Phil LeBeau speaks to attorney Ken Feinberg about the process of firming up which of the 445 claims submitted since August 1 are eligible for compensation funds.
DETROIT— The death toll tied to faulty ignition switches in General Motors small cars has risen to 19, according to a compensation expert hired by the company. Kenneth Feinberg said Monday that he has determined that 19 wrongful death claims are eligible for payments from GM.
A Times investigation finds that NHTSA has frequently been slow to identify issues, tentative to act and reluctant to use its legal powers.
GM said that it has so far determined that 31 of these claims, including 19 involving death, are eligible for compensation.
CNBC's Phil LeBeau reports attorney Ken Feinberg's office has announced the first round of claims submitted tied to GM's faulty ignition switches.
Ford Motor Co. fell$. 09 or. 5 percent, to $16.50. General Motors Co. rose$. 14 or. 4 percent, to $33.41. Honda Motor Co. fell$. 15 or. 4 percent, to $34.35.