GM Recalls About 500,000 Camaros

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June 13 (Bloomberg) -- GM, which before today had already recalled almost 14 million vehicles in the U.S. this year, is calling back 511,528 current-generation Chevrolet Camaros in North America. Hagens Berman Managing Partner Steve Berman speaks on Bloomberg Television's “In The Loop.” (Source: Bloomberg)


In your view, could it be, we are talking almost 3 million vehicles by now, couldn't this become an astronomical number and that gm is going to have to pay?

Based on my experience in the toyota case, i think this will equal or exceed the toyota case.

There recovered $1.6 billion.

It is going to be higher.

It sounds that way.

Tell make him a walk me through the toyota case is the same and also a little bit different than what is going on at gm.

It is very similar.

You just did a segment on "game of thrones." i would call these the game of concealment.

In both stories, the car companies knew internally they had safety issues and they buried them and they only started disclosing when things copy on their control.

The parallels are absolutely striking.

Gm has come out with an internal report.

Is that not good enough?

The internal report is just a start.

Don't forget, it was commissioned by gm, gm paid the lawyer, and the lawyer picks off a lot of low hanging fruit.

There are a lot of other questions to be asked.

It was an incredibly narrow focus in that report.

He kind of had blinders on, in a sense.

I think it is apparent, gm is basically willing to pay almost anything at this point to get it behind them.

They have said, you tell us how big a check to cut, kenneth feinberg, and we will sign it and move on.

Other than government penalties and fines and criminal issues, do you think that that is going to solve the issue of the deaths related to this?

Gm is not paying all claims.

I am only talking about the personal injury and loss of life claims, not the economic issues.

Whatever ken feinberg finds is a serious injury or loss of life related to this, he is going to say, you have to pay these people this amount.

General motors surely is just going to do that, right?

It remains to be seen.

Here is an issue.

I have a lot of clients who have come to me and they believe they have the exact same fact pattern.

They have the exact same fact pattern of a small car ignition pattern.

They have damage.

It was three or four years ago the car is gone, the forensic evidence is gone but a going to pay those people?

I think there is going to be a big fight over that.

Should those people be paid?

I think they should.

Who bears the burden?

Gm or the unknown victim who did not know enough because of the concealment to save the car?

The court is going to order the gm is stopped from asserting a lack of physical evidence with respect to those claims.

But it got mr.

Feinberg is going to pay those.

Did that happen in the toyota case?

It did not happen in the toyota case.

The accidents in the toyota case, most were so bad, the people did save the car and they did sue.

The issue of unintended acceleration has been around for a long time.

Lawyers know to look for it.

This issue was hidden.

No one knew to look for it.

The lawyer cannot find anything wrong with the car.

How many cases are you aware of, what can we be talking about here?

If it is potentially hundreds, then that is enough, if you throw in punitive damages, to easily bankrupt the company, right?

I don't think we are talking about a bankruptcy situation here.

Gm is worth hundreds of billions of dollars.

But they will wind up paying between you billion dollars and $4 billion to get out of this.

Thank you so much for joining on this.

And also to our bloomberg auto expert, matt miller.

We will return in tubing minutes.


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


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