General Motors Co. in 2005 decided not to change an ignition switch eventually linked to the deaths of at least 13 people because it would have added about a dollar to the cost of each car, according to an internal GM document provided to U.S. congressional investigators.
GM avoided defective switch redesign in 2005 to save a dollar each - Yahoo Finance
My thoughts at the time of the GM bailout were that the government should have let them go belly up, and the company assets should have been sold off to the highest bidder capable of actually producing automobiles. These revelations only confirm my gut feeling at the time. Maybe next time things will be a little different.
I'll bet there aren't many ex-GM executives working for Tesla these days...
GM avoided defective switch redesign in 2005 to save a dollar each - Yahoo Finance
My thoughts at the time of the GM bailout were that the government should have let them go belly up, and the company assets should have been sold off to the highest bidder capable of actually producing automobiles. These revelations only confirm my gut feeling at the time. Maybe next time things will be a little different.
I'll bet there aren't many ex-GM executives working for Tesla these days...