Breaking: Federal grand jury now investigating GM; grand jury has subpoenaed documents. http://t.co/tYCeEMbSEk— Wall Street Journal (@WSJ) June 26, 2014
GM has linked the ignition switch problem to at least 13 deaths in 32 crashes involving Chevrolet Cobalts and Saturn Ions.
The grand jury is likely examining why GM knew about the switch problem for at least a decade but only started recalling the cars this past February.,p>
Breaking: GM vice president knew of ignition-switch problems in 2005, according to House panel documents. http://t.co/tYCeEMbSEk— Wall Street Journal (@WSJ) June 26, 2014
A report from Anton Valukas, a former federal prosecutor hired by GM to do an internal investigation, highlighted bad corporate habits, such as the "GM nod" - agreeing on a plan of action but doing nothing.
At a recent Congressional hearing, lawmakers cited an internal GM document that said replacements for the faulty ignition switches would've cost the company just 57 cents apiece.