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Aug 6, 2014

TRUCKMAKERS NEWS * USA: Criminal bill

* DC - Criminal bill will add to costs for carmakers  
(Pablo Martinez Monsivais / AP - Sen. Claire McCaskill, D-Mo., holds up a document as she questions General Motors CEO Mary Barra on Capitol Hill in Washington in April)
Washington,DC,USA -The Detroit News, by Daniel Howes -August 5, 2014: -- The auto industry’s margin for error is poised to shrink yet again... Because of GM’s decade-long ignition-switch debacle that claimed at least 13 lives, a Missouri senator is pushing legislation that would effectively criminalize decisions by auto executives to withhold information on defective parts from the public and federal regulators...  Namely, fines that could easily rise into the billions of dollars — witness Toyota Motor Corp.’s $1.2 billion penalty in connection with its unintended acceleration recall scandal four years ago — now could be augmented with up to life in prison for auto executives who hide defects that could result in fatalities...

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