General Motors Will Pay $900 Million To Drop Criminal Ignition Switch Investigation0
General Motors plans to admit it misled the government and public over the safety of its vehicles, leading to 124 deaths from a faulty ignition switch. The company will settle for a $900 million fine after a two-year criminal investigation probed the automaker for further details.
GM also agreed to a partial settlement in nationwide litigation with drivers, passengers and families over the ignition switches, totaling in $575 million.
The admittance has GM stating it failed to disclose a potential-lethal safety threat with its vehicles, with ignition switches keeping from air bags deploying in the event of a crash. The statement also includes it misled consumers over the safety of vehicles involved in the recall.
Along with the $900 million settlement to drop the criminal investigation, GM must comply with its safety watchdog, an independent monitor to oversee its safety practices, and analyze how the company fixes defects, and handles recalls.
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.