GM Settles Nearly 1,400 Civil Lawsuits Involving Defective Ignition Switches
General Motors Co. has agreed to pay $575 million to settle almost 1,400 civil lawsuits covering death and injury claims stemming from the company's defective ignition switches.
#legal
General Motors Co. has agreed to pay $575 million to settle almost 1,400 civil lawsuits covering death and injury claims stemming from the company's defective ignition switches.
GM continues to face an estimated 84 death and 370 injury claims. Also unresolved are lawsuits by GM customers claiming they are entitled to as much as $10 billion to cover lost resale value of their vehicles. The latter lawsuits address the aftermath of the ignition switch recall and 83 other campaigns involving more than 24 million GM vehicles in the U.S.
Legal experts tell Bloomberg News GM isn't likely to settle all the remaining cases before trial. That means the company remains at risk for high-profile and costly lawsuits and continuing bad publicity about its recall record.
RELATED CONTENT
-
Tesla Sued Over Fatal Crash of Car in Autopilot Mode
Tesla Inc. has been sued by the family of a California man whose Tesla Model X crossover vehicle crashed into a highway barrier last year while the car was operating in semi-autonomous Autopilot mode.
-
Bosch Targeted in Criminal Probe of VW Diesel Cheating in U.S.
Federal prosecutors in the U.S. are trying to determine whether Robert Bosch GmbH conspired to help Volkswagen AB—and perhaps other carmakers—rig their diesel engines to evade emission standards, sources tell Bloomberg News.
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.