Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

GM Ignition Switch Case Could Lead To Criminal Charge: McCaskill

Published 04/06/2014, 10:43 PM
Updated 04/06/2014, 11:45 PM
 GM Ignition Switch Case Could Lead To Criminal Charge: McCaskill

By Reuters - (Reuters) - General Motors should make restitution to victims' families and face criminal action if merited for the way it handled defective ignition switches that caused fatal auto accidents, U.S. Senator Claire McCaskill said on Sunday.

McCaskill, as chairwoman of the Senate subcommittee on consumer protection and product safety, led a blistering round of questioning of GM chief executive officer Mary Barra last week.

In an appearance on ABC's "This Week" show, McCaskill said GM now faced "a real moment of truth" as it pursues an internal investigation of the ignition switches and the automaker's response to the problem.

At least 13 people were killed in accidents caused by switches that shut down cars. In 2006, GM changed the faulty part but did not change its identifying part number, which McCaskill said showed an intent to deceive.

Asked on Sunday if someone should go to jail in the matter, she cited a 2010 Supreme Court ruling that said the government cannot restrict political donations by corporations. "You know we had the Citizens United case where our Supreme Court said corporations are people ... but if in fact they are people, there needs to be some criminal accountability depending on what the facts of the investigation show," McCaskill, a Democrat, said.

© Senate Commerce, Science and Transportation Committee. GM CEO Mary Barra answers questions from the Senate Commerce, Science and Transportation Committee's Subcommittee on Consumer Protection, Product Safety, and Insurance.

"I know the Justice Department is taking a hard look at this." Another member of the subcommittee, Republican Senator Kelly Ayotte, said GM's actions amounted to criminal deception.

McCaskill also joined those calling for GM to establish a victims' compensation fund. "Now it's time for them to come clean, be transparent and most of all make all victims whole no matter when this deadly ignition caused heartbreak in their families," she said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.