Highlights from an internal audit that puts the Detroit automaker in serious jeopardy.
General Motors, in an attempt to explain why it ignored a defective ignition switch for 13 years that is now blamed for at least 13 deaths, has come clean. After two Congressional panels, a criminal probe by the Justice Department and an investigation and record $35 million fine levied by the National Highway Traffic Safety Administration, the GM brass thought it worth their legal salt to conduct an internal audit. That report, 325 pages of failures and dangerous business practices, explains the inaction behind just one faulty car part that led to GM recalling 2.6 million cars and facing billions of dollars in repair costs, litigation and settlements.
It only explains the faulty processes concerning one car platform and its associated models -- all the way up until this year. And while CEO Mary Barra has assured investors that GM has already made changes recommended by the report, there's no guarantee that other GM models -- despite the automaker's flurry of recalls this year -- haven't been similarly blighted by GM's poor business decisions. To that end, we've dissected the audit by reading every page and compiled what we feel are the most compelling bullet points below. This problem -- and the tragedy of accident victims who would have had a fighting chance had their cars not shut off and all their safety systems disabled -- is far from finished.
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