1. PENNY UNWISE

    GM Saved $1 Per Faulty Car

    Allison Shelley/Getty

    According to an internal document given to U.S. congressional investigators, in 2005 General Motors did not change the ignition switch in cars that have been linked to at least 13 deaths, because it would have added roughly a dollar to the cost of each car. In response to questions at a congressional hearing, newly minted GM CEO Mary Barra said that the findings were “very disturbing. That is not the way we do business in the new GM.” In the emails, an engineer named John Henler reportedly said to continue using the switch from Delphi Automotive even though Delphi told GM it did not meet GM performance specifications.

    Read it at Reuters