Barra To Tell Congress “It’s Not Business As Usual At GM”
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WASHINGTON (WWJ) – General Motors CEO Mary Barra will give a U.S. Representatives a list of actions the company’s taken, along with a promise that she will personally work to change General Motors culture.
“I will not rest until these problems are resolved,” read Barra’s written testimony. “As I told our employees, I am not afraid of the truth.”
The hearing is scheduled for 10 a.m. on Wednesday, in front of the House Subcommittee on Investigations. Another Senate hearing is also expected, but hasn’t been scheduled.
The testimony from Barra outlines a number of steps General Motors has taken, all of which have been publicly announced. The GM CEO will explain changes in safety policy, highlight the dismissal of 15 employees and repeat that she expects a special compensation fund to start taking applications August 1.
“I never want anyone associated with GM to forget what happened,” read her testimony.
Joining Barra will be attorney Anton Valukas, who prepared the internal General Motors report.
“We found failures throughout the company — including individual errors, poor management, byzantine committee structures, lack of training, and inadequate policies,” said Valukas, in his written testimony.
That testimony only summarizes Valukas report, and his recommendations to improve GM’s corporate culture.
“GM will have to make decisions about how to ensure this never happens again.”
Barra faced tough questioning during her first appearance in April. Committee members will likely push both Barra and Valukas on specific issues, to determine how the ignition switch problems could be missed, and to make sure GM’s policies are really changing.
Barra promises to make sure change is real and lasting.
“We are a good company, but we can and must be better.”
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