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GM expands recall, suspends two engineers, takes $1.3-billion charge
http://www.latimes.com/business/autos/la-fi-hy-gm-takes-13-billion-charge-expands-recall-20140410,0,2934869.storyGM expands recall, suspends two engineers, takes $1.3-billion charge
By Jerry Hirsch
April 10, 2014, 11:51 a.m.
General Motors announced Thursday it will take a $1.3-billion write-down to cover the cost of repairs related to faulty ignition switch recalls, and placed two engineers at the center of the recall scandal on paid leave.
The company also said it will replace a second part in the affected cars.
GM Chief Executive Mary Barra confirmed Thursday that engineers Ray DeGiorgio and Gary Altman were put on leave following a briefing from Anton Valukas, the former U.S. attorney overseeing an independent investigation into circumstances leading to a safety recall of 2.6 million GM cars because of a faulty ignition switch.
“This is an interim step as we seek the truth about what happened,” Barra said Thursday. “It was a difficult decision, but I believe it is best for GM.”