General Motors

News & Analysis as of

How Can Predictive Analytics Give Auto Manufacturers a Lead on Developing Markets ?

The opportunity of a rapidly developing middle class in countries like China, India, and Brazil is not lost on the major auto manufacturers. GM, Ford, Toyota, Volkswagen, and others made their bets on these markets years ago...more

Delaware Supreme Court: A Mistakenly Authorized UCC Termination Statement is Effective to Terminate Original UCC Filing

On October 17, 2014, the Delaware Supreme Court entered an opinion holding that a UCC-3 termination statement that is authorized by the secured party is effective to terminate the original UCC filing even though the secured...more

Delaware Supreme Court Finds UCC Termination Filings Valid Despite Lack of Lender’s Intent

On October 17, the Delaware Supreme Court held that JP Morgan (JPM) terminated its security interest in all of the collateral provided by General Motors (GM) in support of a $1.5 billion loan, despite neither party intending...more

Delaware Supreme Court Rules Mistakenly Filed UCC Termination Statement Is Effective in $1.5 Billion Secured Loan Transaction

Lenders need to exercise great caution when filing a UCC-3 termination statement. They must make sure that the list of security interests terminated is accurate and that the statement does not mistakenly include other,...more

Goodbye Mr. Millikin: GM’s Continuing Culture Challenges

The GM debacle over its handling of the ignition switch defect continues. GM’s CEO Mary Barra and the rest of GM’s leadership just do not seem to be getting the message. It is not unusual for C-Suite executives to lead from...more

Cadillac Moving to the Big Apple

General Motors’ Cadillac luxury car division, founded in Motown and named for the city’s founder, is moving 650 miles east to New York’s SoHo neighborhood. Cadillac, which has been steadily losing sales to its foreign rivals,...more

NHTSA's September Scrutiny

September was a difficult month for NHTSA. During one week alone, a New York Times article blasted NHTSA for failing to investigate a number of defects that later resulted in injuries and fatalities and, ultimately, recalls;...more

A Busy Year for NHTSA Enforcement and Rulemaking

This promises to be one of NHTSA’s busiest years for enforcement and rulemaking activity. NHTSA is expected to continue its aggressive enforcement, sparked by GM’s massive ignition switch recall and the flood of follow-on...more

Credit Crunch Digest -- August 2014

This issue of the Credit Crunch Digest focuses on Libor yen manipulation; Bank of America’s nearly $17 billion settlement with regulators; ongoing investigations into “dark pool” trading; a $1.3 billion fine imposed on Bank...more

Fatal accident leads to another claim against GM

Alabama residents may be interested to learn that GM is facing yet another wrongful death lawsuit that was recently filed in another state, following the 2012 death of a man driving a 2011 Chevrolet Express 2500 van. The suit...more

The Absence of a CECO and the GM Fiasco

This is a posting that I have wanted to write since the GM scandal occurred. I have to start with a rhetorical question – Would the GM debacle have occurred if GM had an independent and empowered Chief Ethics and Compliance...more

Another Recall from GM

I have lost count now of how many times GM has issued a recall and the total number of vehicles recalled in the past several months by GM; I know it is in the area of over 20 million vehicles. Tragically, years of delay in...more

Pin the Blame on the Corporate Officer: Senators Introduce Hide No Harm Act

Three Senate Democrats recently introduced a bill that seeks to hold company executives of a product maker or seller criminally liable for knowingly "failing to inform and warn of serious dangers" associated with a product....more

General Motors Has Set A New Precedence For Auto Recalls This Year

General Motors (GM) has set a new precedence for auto recalls this year, as the first cavalcade of auto recalls quickly turned the safety notices into background noise ignored by many of the effected car owners. GM started...more

Of Documents and Dumpsters: The Sixth Circuit Affirms Convictions for Theft of Hybrid Car Secrets from GM

Last month, the Sixth Circuit affirmed the convictions of co-conspirator couple Yu Qin and Shanshan Du, who were convicted in 2012 of trade secrets theft. A jury in the Eastern District of Michigan had found that Du...more

GM, Whistleblower Hotline Providers, Retaliation, and Why I Didn’t Buy a Chevy

One of the advantages of working for one of the premiere whistleblower hotline providers is that I stay up to date on notable GRC happenings. In my past life, I didn’t even really understand what a whistleblower was, much...more

Speak Up or Pay Up: Lessons from GM

The now infamous General Motors mea culpa, which followed the automotive giant’s recall of almost six million cars, has brought the importance of a “speak up culture” front and center. As part of the company’s long road to...more

GM Driven to Safety Initiative

In the past year, General Motors has recalled more than 2.6 million cars built with defective ignition switches. These defective ignition switches have been linked to the death of a recorded 13 people. This case has received...more

Blecker: GM Recalls Show Need for Harsher Penalties for "Red Collar" Criminals [Video]

July 1, 2014 (Mimesis Law) -- Robert Blecker, professor of law at New York Law School, talks with Lee Pacchia about the recently released internal investigation into the failure to report a problem with ignition switches on...more

Someone Has to Deliver the Bad News: What to Learn From GM and Sophocles

44 recalls. 13 deaths. 20 million vehicles. 9 years. 3 Congressional appearances. These five numbers tell a terrible and tragic story you probably recognize as the GM ignition switch recall debacle. This is a situation that...more

Drawing the Line on Accountability

With all the attention on ethics and compliance, it is interesting to take account of the vocabulary — terms like “culture, governance, access, processes, diligence, independence, and empowerment” are all bandied about. One...more

TCPA Connect - June 2014

TCPA Suit Based On Texts Unrelated To Promotion - Running a Cyber Monday promotion led to a Telephone Consumer Protection Act lawsuit for Cosmopolitan Hotels & Resorts. ...more

When the In-House Lawyers Run Amuck

We all know the jokes about lawyers. We have heard them over and over, at parties, with friends, and among colleagues. Right now, they seem particularly on point....more

The GM Safety Debacle – Everyone is Responsible and No One is Responsible

The Valukas Report to the General Motors Board of Directors Regarding Ignition Switch Recalls is a lengthy report that describes in excruciating detail how GM failed to uncover and remedy significant safety issues...more

Suppliers to OEMs: We Think We're Turning Japanese

The 2014 Annual Automotive OEM-Supplier Relations Study came out in May 2014 and it showed that Japanese OEMs may be rebounding after a couple down years when it comes to their relationships with suppliers. The study,...more

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