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Transcripts For BLOOMBERG Bloomberg Bottom Line 20140401

We are going back live to capitol hill. That hearing on gms alt ignition problems. Is scheduled to testify in just a few moments on your screen there. Back to the hearing. Who actually owns one of these cars. As you can see, there is a long insert. What the key inserts were supposed to do is go in the middle and just create a little hole so the keys wouldnt go back and forth. Unfortunately, gm never made this bulletin public. Out of the00 people thousands of drivers got the key insert. And gm knew it. As soon after this decision, Company Officials quietly redesigned the switch but they never changed the part number. Hingly, when they approved a new switch in 2006, they did it still knowing that the news which did not meet specifications. The company even put more cars with bats which is on the road. Between 2000 32014, gm learned of hundreds of reports of ignition switch problems through customer complaints, lawsuits, warranty claims, press coverage, field reports and even more interna

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