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GM ignition recall report: What observers said

First Published      Last Updated Jun 05 2014 04:39 pm
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"I won't be letting GM leadership, or federal regulators, escape accountability for these tragedies."

—Sen. Claire McCaskill, D-Mo., chair of the Senate Commerce Committee's consumer protection subcommittee, which also has investigated the recall


"They were fired. What? Do you want to put them in jail now? I mean, I don't know. Let's have some hearings and determine if they did anything that was illegal before we start throwing them in jail."

—Senate Majority Leader Harry Reid, D-Nev., responding to a reporter who asked whether he believes the Justice Department should bring criminal charges against the 15 GM employees who were forced out for their role in the ignition switch scandal


"We are comfortable with our $2.5 billion legal cost estimate given the establishment of a victim compensation fund to directly pay for injuries/deaths and the likelihood that GM will use the bankruptcy shield to defend against the more spurious 'economic loss' class action suits."

— Analysts at Barclays, in a research note to clients.






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