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Upon its completion, the compensation fund established by GM had offered compensation for 124 deaths, nearly 10 times more than the 13 deaths GM executives reported in April 2014. [ 3 ] [ 22 ] However, the true number of deaths resulting from the ignition switch is likely higher, as GM's compensation fund rejected more than 90% of claims and it ...
The accord would resolve the last major piece of litigation over GM ignition switches linked to vehicle stalls and air bags that failed to deploy, as well as 124 deaths. ... as well as 124 deaths.
The Justice Department's investigation into General Motor's ignition switch problems is kicking into high gear. Federal prosecutors are sending out subpoenas to get to the bottom of who knew what ...
General Motors Co. has agreed to a $5.75 million settlement with California regarding false statements the company made to investors about problems with its deadly ignition switches, state ...
[31] [32] The new GM held an IPO on November 17, 2010, that raised an estimated $20.1 billion. [33] By December 2013, the US government sold the last of its GM stock. [34] By February 2015, the Ontario government sold the last of its 4% stake in GM, [35] and by April 2015, the Canadian federal government sold the last of its own 8% GM stake. [36]
On April 1, 2014, General Motors announced it had retained Feinberg to handle part of its response to a widely reported product safety recall. GM said Feinberg would serve as a consultant "to explore and evaluate options in its response to families of accident victims whose vehicles are being recalled for possible ignition switch defects." [27]
(Reuters) - General Motors Co's (GM.N) ongoing safety crisis over deadly ignition switches deepened on Monday with the recall of 8.23 million mostly older cars linked by the U.S. automaker to ...
High energy ignition, also known as H.E.I., is an electronic ignition system designed by the Delco-Remy Division of General Motors.It was used on all GM vehicles, at least in the North American market, from 1975 through the mid-1980s.