GM to pay a NTSB record 35 MILLION dollar fine!!!!

"mr_gofast" (jake_berenshteyn) 05/16/2014 at 10:47 • Filed to: GM

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breaker breaker - GM is about to get saddled with the largest ever fine issued by the Transportation Board and JD due to the Chevy cobalt investigation.

link to follow

http://www.bloomberg.com/news/2014-05-1…

http://money.cnn.com/2014/05/16/new…

** Patrick George found this 5min before i posted it - its on the FP :)**

JQJ213- Now With An Extra Cylinder! > mr_gofast 05/16/2014 at 10:56

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whats sad though is it wont hurt them too much.. they made 4.9 BILLION in profit in 2012 for example..so its not a lot really

mr_gofast > JQJ213- Now With An Extra Cylinder! 05/16/2014 at 10:59

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this recall for the ignition switches has cost them over 1.3 billion dollars already, the fine is insignificant in total dollar amount cause the other amounts are so high, however its important cause its the max that can be levied by the NTSB and ppl need to see the NTSB doing its job vs Big auto and/or GM

JQJ213- Now With An Extra Cylinder! > mr_gofast 05/16/2014 at 11:02

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im sorry for not fully reading the article. I never realized this was the largest fine ever, so it actually does matter.

I took IT as you were saying it'd hurt gm...

I need to read more

mr_gofast > JQJ213- Now With An Extra Cylinder! 05/16/2014 at 11:03

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no worries its early-ish

crowmolly > mr_gofast 05/16/2014 at 11:16

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Striving to beat Toyota and be #1?

You're doing it wrong.