General Motors Co. on Friday starts taking applications from victims of accidents connected to defective ignition switches in its small cars, promising the first payouts from the about $400 million fund by November, reported The Wall Street Journal. The nation’s largest auto maker has said it would pay from $20,000 to several million dollars per ... Read More »
General Motors estimated that it would pay victims of an ignition-switch defect about $400 million in settlements through a compensation fund administered by an outside official — although it said the cost could increase by $200 million depending on the number of people who file claims, reported Detroit Free Press. The company eked out a ... Read More »
General Motors Co. knew more than a decade ago that loose ignition switches caused stalling on far more than its Chevrolet Cobalt and related small cars, redesigning switches in at least three high-volume car families between 2003 and 2006, according to recently disclosed company documents, reported The Wall Street Journal. The auto maker didn’t recall ... Read More »
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