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APR 01, 2014 - San Francisco Chronicle

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Business Highlights

WASHINGTON (AP) — The piece needed to fix a defective ignition switch linked to 13 deaths would have cost just 57 cents, according to documents submitted by General Motors to lawmakers investigating why the company took 10 years to recall cars with the flaw. Members of a House subcommittee demanded answers Tuesday from new GM CEO Mary Barra about why the automaker used the switch in some of its cars even though it knew the part didn't meet GM's own specifications. Caterpillar has avoided paying $2.4 billion in U.S. taxes since 2000 by shifting profits to a wholly-controlled affiliate in ... Read More

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