DOT's Foxx, NHTSA's Friedman on GM Recall Agreement
May 16 (Bloomberg) -- U.S. Transportation Secretary Anthony Foxx and David Friedman, acting administrator of the National Highway Traffic Safety Administration, speak about the government’s investigation into General Motors Co.'s recall of 2.59 million small cars over faulty ignition switches.
GM will pay a record $35 million fine as a result of the probe, and will also make “significant and wide-ranging internal changes” to how it reviews safety issues and decides on recalls. Foxx and Friedman speak at a news conference in Washington. (Source: Bloomberg)