Mexican Media Brands
Report: GM Will Pay $900 Million Fine to Settle Federal Ignition-Switch Probe
General Motors Co. will pay a $900 million fine to defer further prosecution by the U.S. Dept. of Justice on criminal charges of defrauding consumers and hiding flaws about its defective ignition switches, sources tell Reuters. General Motors Co. will pay a $900 million fine to defer further prosecution by the U.S.
#legal
Share
General Motors Co. will pay a $900 million fine to defer further prosecution by the U.S. Dept. of Justice on criminal charges of defrauding consumers and hiding flaws about its defective ignition switches, sources tell Reuters.
Details about the agreement are expected to be announced on Thursday, the sources say. The settlement involves ignition switches ultimately blamed for 124 fatalities and 275 significant injuries. One Reuters source says no individuals will face criminal charges.
GM could escape further penalties by fulfilling terms of the deal, which presumably relate to how the company is handling its recall of 2.6 million cars equipped with the faulty switches.
The federal settlement won't impact the outcome of more than 200 civil lawsuits against GM concerning the switches and other recalled flaws.
RELATED CONTENT
-
U.S. Lawsuit Says Bosch Conspired with VW on Cheater Diesels
A U.S. lawsuit claims Robert Bosch GmbH conspired with Volkswagen AG to equip diesel-powered vehicles with software to cheat emission tests.
-
VW Asks to Delay U.S. Diesel Emission Trials Over Hitler Reference
Volkswagen AG has asked a judge to delay several U.S. lawsuits involving rigged diesel emission controls because a lawyer representing hundreds of VW customers made “inflammatory” comments about the company.
-
Four Auto Companies Rank Among the World's Most Ethical
GM and Cooper Standard make the list for the first time, joining long-running honorees Aptiv and Cummins