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Transcripts For KQED Nightly Business Report 20140409

Motors, another recall for 2 and a half million cars for the defective link. The automaker had not met an april 3rd deadline to respond to its requests for more detailed information about the recall. The regulator said that gm failed to answer multiple questions about the defect and why it waited to issue a recall after learning about the problem, gm has been facing fines of 7,000 a day until it fully complies. Phil lebeau joins us from chicago. Phil, what does it mean for General Motors . Susiusie, this is another example of them saying knock it off, give us all the information as quick as possible or else well go to federal court and demand it if you dont turn it over as quickly as possible. Some people will hear it and say 7,000 a day . Will that really compel General Motors to come forward and turn over the documents . That is not the point here, that, the maximum allowed by law, 7,000 a day which is what they were fined per day. This is more of the frustration that they have deali

Transcripts For KQED Nightly Business Report 20140409

Motors, another recall for 2 and a half million cars for the defective link. The automaker had not met an april 3rd deadline to respond to its requests for more detailed information about the recall. The regulator said that gm failed to answer multiple questions about the defect and why it waited to issue a recall after learning about the problem, gm has been facing fines of 7,000 a day until it fully complies. Phil lebeau joins us from chicago. Phil, what does it mean for General Motors . Susiusie, this is another example of them saying knock it off, give us all the information as quick as possible or else well go to federal court and demand it if you dont turn it over as quickly as possible. Some people will hear it and say 7,000 a day . Will that really compel General Motors to come forward and turn over the documents . That is not the point here, that, the maximum allowed by law, 7,000 a day which is what they were fined per day. This is more of the frustration that they have deali

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