Beasley Allen Report host Gibson Vance welcomes viewers to this week’s episode by introducing Beasley Allen founding shareholder and former lieutenant governor Jere Beasley to discuss General Motors and its delayed ignition switch recall.
GM, one of the most recognizable names in the U.S. automotive industry, has been at the center of controversy after the company recalled more than two million of its own vehicles this year due to an ignition switch defect. The vehicles’ problem, which records show that GM was aware of as early as 2001, allows the key to unintentionally slip from the “run” to “off” or “accessory” position while the vehicle is being operated. If this issue were to occur, the vehicle would suffer a sudden loss of engine power, air bag safety, braking and steering, creating a hazardous emergency situation. Despite GM’s claims that the defect has only led to 31 crashes and 13 deaths, a new study commissioned by the Center for Auto Safety shows the death toll may even exceed 300. Mr. Beasley believes one of the biggest problems in today’s world is massive automakers such as GM and Toyota putting profits ahead of their own consumers’ safety.