Absolutely. Damian paletta and james tankersley, thank you both for being with us today. Thank you. [captioning performed by national captioning institute] [captions Copyright National cable satellite corp. 2014] like hsbcake a case that got a 1. 9 billion settlement levied at them a year ago. Of the deferred prosecution theyment is they admitted have laundered as much as 850 million for a pair of central and south American Drug cartels. We are talking that not only did they commit minor financial infractions, technical infractions, we are talking about an organization that was operating at the top of the eagle narcotics pyramid. Criminal andor surprise. They admitted it. If they did not find the evidence to put those people in jail, that is on them. That is a failure of the regulatory system. Are guilty. D they they are in league with truly dangerous and violent people and helping them out with the worst kind of behavior that a thing can be involved with. Nobody does a single day in j
Person was the one that decided not to recall the defective version . Where did where in the timeline is that . I dont know but that is part of the investigation that were doing. Do you know when it was that it was discovered, what year, what you know, where in the timeline that it was discovered that, in fact, a new part number was not assigned . I became aware of that after we did the recall and the timeline was put together. So that was just in the last month or so. Is that right . Thats when i became aware. But when did gm recallize that no new part number had been assigned . Again, thats part of our investigation. I want to know that just as much as you because thats an unacceptable practice. It is not the way we do business. So, youve stated publicly that something went wrong with our process. Hows the process supposed to work . Hows this how are you redesigning the process to ensure that, in fact, it should work the way that it needs to work . Well, one of the things we are doin
It would vibrate and tear the keys off the teeth. But never once did i have that shut off. For me, they made pretty good ignition switches. Can you tell me how many models gm makes today . Around the globe over 100. 100 different models. Can you tell me how many ignition switches they make . Well we sell if you have 100 models how many different ignition switches would there be. I cant answer that question i dont know. Gm has proven i dont understand this reinventing the wheel. That every car has to have a different set of circumstances to make sure that it meets the qualifications. I recommend that you work hard with us and our next witness from the national Highway Traffic Administration says that when a car shuts off says that the airbag deploys for 60 seconds. I would ask that you reach out and work not only with your engineers saying hey we have some pretty good why do we reinvent the wheel every time we invent a new ignition switch on these models. So. I would welcome the opportu