General Motors Ignition Switch Fund Approves Three New Injury Claims0
As the office of Ken Feinberg, overseeing the General Motors compensation fund privately, begins to wrap up its review of ignition-switch injury and death cases the latest report has the injury toll climbing by three.
The three new claims inflate the number to 272 injuries. 17 of those are for serious injuries, while the majority, 255, are for less serious injuries. The Detroit News reports only seven death claims remain for review. Currently, deaths caused by the faulty ignition switch found in GM passenger cars sits at 124, meaning the number will not rise higher than 131. Originally, GM estimated 13 deaths regarding the faulty ignition switches.
GM stated it now plans to spend $625 million on compensation, up from the $550 million originally planned. The company also stated it has put no cap on how much it would spend for compensation to victims, and families of victims. Each party has received at least $1 million.
Only 142 injury claims remain for review, leading the compensation fund to suggest mid-August as a date for when we will see a final number attached to one of the largest recalls in U.S. automotive history.
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