Factual in Bankruptcy Court . Senator boxer excuse me senator mccaskill, im not aware of our position on that in Bankruptcy Court but i can tell you that is associated with probably Attorney Client issues that are present in that proceeding and on that basis, theyve probably taken that position. But im not familiar with the situation youre talking about in Bankruptcy Court on that issue. Who would be . Thats obviously an important legal decision that has been made by your company, and youre the lawyer in charge. This is obviously i dont know that you can have any more high profile litigation than the bankruptcy proceedings right now as to what did and didnt happen as it refers to representations made. If you dont know, who would know . Senator, im familiar with that particular piece of litigation, and i have been working with lawyers to argue on the claims that need to be made and deal with the loss claims on that part of the litigation. You understand its a big one. Ill be happy to ge
Includes the upset is a dealing with these delphi switches and their ability to i dignify delivery of parts for testing purposes. Taken together this evidence with them to indicate the problem was greater than we would initially be led to believe, now that the ignition switch issues come to light, have you gone back and reviewed these concerns and determine what they will do in the future . We did go back and look extensively at the documentation and we found nothing that was abnormal in terms of Product Development and also what you run into as you move from development to production and etc. So as ive read our product met the requirements and it entered and ignition Assembly System that had other products our product the acquirement and when they come together they form a system and as was said earlier, making sure that those products work in total harmony when they come together and so weve gone back and understood that. And so this includes part by part and we totally embrace that
One must question. Recalling lots of cars, i think 25 million, why would there be so many recalls and and im not suggesting thats a that thats a bad thing, but that is a high number. When we learned what happened, we immediately redoubled our efforts and went and looked at a number of places and we tackled all of those and we ran back extensively and looked at information that we had to see that we could more quickly put together turn. We also as it relates to every safety item that the gentleman had every responsibility for, we assessed this and there is not even any field information to suggest there is an issue. As we do this, simply by an insert into this, we could make the system more robust than and we did that and we are intent upon a company known for our safety and this is an important step and we will continue to look for the items to make sure that we have a company that is dedicated to the safety of our vehicles. I thought of one final question for those employees that were
We are kicking it off with another good deal for the world social network. Facebook making another multimillion dollar multibilliondollar acquisition will stop this time, buying oculus for 2 billion. You heard her right. Facebook, where people log on every day to share celebrity and actual news like the Malaysia Airlines search, facebook is trying to bring Virtual Reality to the mass market. Trying because it doesnt actually sell anything yet. Its one thing to make a prototype that is in a room that cannot be moved. It is another thing to make a few hundred dollars in the mass consumer eyes market. In the mass market. Have a number of challenges ahead, but we are getting closer. Withat was an interview brad stone of Bloomberg Businessweek a few you a few weeks ago. 2 billion for a Company Whose product is still in development. Paid 19 facebook just billion for a Global Messaging company whatsapp. Even that deal was question because of the number attached to it, 19 giants 19 times proje
In the far east, we have got it all. Lunch money. All right, we are kicking it off, another deal for the world social network. Facebook making another multimillion dollar acquisition, is done by a Virtual Reality company for 2 billion. Yes, you heard her right. Facebook, where millions of people log on every day, like chris martin and Gwyneth Paltrows breakup. Yes, it is true. I say, they are trying to bring Virtual Reality to the mass market, trying because it does not actually sell anything yet. There is a lot to get it out there. It is one thing to make a prototype in a room that can be moved. It is another thing to make it a few hundred dollars in a mass market, mass consumer rise situation that you can show to the world, so we definitely have a number of challenges ahead, but we are getting closer. That was an interview with brad stone of Bloomberg Businessweek a few years ago. He is the ceo and cofounder of facebook iscompany buying. The company has a product that is still in dev