Barra Going With No Counsel a Gutsy Move: Hayzlett

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April 2 (Bloomberg) -- Bloomberg Contributing Editor Jeffrey Hayzlett discusses GM CEO Mary Barra’s testimony at a Congressional hearing on Bloomberg Television’s “In The Loop.” (Source: Bloomberg)

Everything she is saying is being scrutinized.

I think she did a good job.

She said they were accountable but she stopped at being responsible for it.

That is a great way of being able to say it.

We are talking about billions of dollars.

She is trying to convince people this is a new gm.

What does she need to do to convince people?

Under the old gm, she was in charge of product development.

We talked about -- to the former president -- she was in charge of product development.

I want to know where she has some role.

She says this was the first, so where did this come up from?

Not surprised because of the way they were cutting for years.

They eliminate a lot of these positions.

I know gm stock took a hit when this came out, but since then, it has made up some of the gains.

What i have been surprised at is the amount of slack investigators -- investors and companies may give to carl -- car recalls.

It is the second biggest purchase that you make in your lifetime.

For most people, it is the second biggest thing.

You buy the same kind of makes and models year after year, not going outside of that.

That is part of the.

Also, i have said this and i am not defending the company, there has only been 113 complaints.

That is all the complaints that were given to the national safety board.

You would think there would be a lot bigger issues.

I do not want to mitigate the deaths.

We do not know if there are dozens or hundreds of deaths.

That is the big thing that will be shaking.

Thank you for joining us.

This text has been automatically generated. It may not be 100% accurate.


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