Foxx: GM to Pay Record $35 Million Fine on Recall

May 16 (Bloomberg) -- U.S. Transportation Secretary Anthony Foxx says General Motors Co. will pay a record $35 million fine as part of the government’s investigation into how it handled the recall of 2.59 million small cars over faulty ignition switches. Foxx speaks at a news conference in Washington. (This is an excerpt. Source: Bloomberg)

Full Show: Surveillance (07/26)
39:59 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Andrew Sheets, chief cross-asset strategist at Morgan Stanley, Catherine Mann, chief economist at OECD, Harm Bandholz, chief U.S. economist at UniCredit, George Goncalves, head of U.S. rates strategy at Nomura, and Gene Munster, senior research analyst at Piper Jaffray. (Source: Bloomberg)
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