You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • August sees rise in CEO departures
    The pace of company chiefs in the U.S. leaving their jobs picked up in August, according to a report released last week by outplacement firm Challenger, Gray & Christmas Inc.
  • Hiring in state rises with national trend
    Bank officials in Indiana have stepped up risk and compliance hiring and training. Angie Dvorak is assistant vice president of public relations for 1st Source Corp. of South Bend.
  • Insurance firms seen as savior of pensions
    Does it make sense for local governments to turn over the assets of their employee pension plans to insurance companies, who would in turn make monthly payments to retirees?
Advertisement

GM fined $35 million for recalls delays

WASHINGTON – The U.S. government is fining General Motors $35 million for delays in recalling small cars with faulty ignition switches.

The government also said Friday that GM will report safety issues faster in the future.

The fine is the maximum allowed by law. But it’s only a fraction of the $3.8 billion GM made last year.

The National Highway Traffic Safety Administration has been investigating GM’s delayed recall of older small cars with defective ignition switches. GM has acknowledged knowing about the problem for at least a decade, but it didn’t recall the cars until this year. The company says at least 13 people have died in crashes linked to the problem.

The Justice Department also is investigating.

Automakers are required to report safety defects within five days of discovering them.

Advertisement