Economy

Md. attorney general, 48 others reach settlement with General Motors

Md. attorney general, 48 others reach settlement with General Motors”

General Motors Co. on Thursday agreed to pay $120 million to resolve claims from 49 US states and the District of Columbia over faulty ignition switches, state attorneys general said. The settlement concludes the state investigations.

Laxalt said the $120 million settlement resolved the investigation into the time it took for the company to notify motorists of the issue associated with the ignition switch or key rotation-related issues in several vehicles.

More than $4 million in settlement money will go to NY.

"General Motors and other automakers should keep their customers' safety at the forefront of everything they do", Wasden said.

GM has paid compensation to the families of 124 people killed in crashes linked to the faulty switches.

Kentucky's Attorney General announced a settlement with General Motors Thursday for violating Kentucky's Consumer Protection Act.

Grupp was a Marywood University student from Northeastern Pennsylvania who died in 2010 on Interstate 81 after losing control of her mother's 2005 Chevy Cobalt. "And when there is a problem, auto companies must be transparent and act quickly".

In a statement, GM acknowledged the settlement and its objective of safety.

In 2014, GM issued seven vehicle recalls in response to unintended ignition related issues, which could move the vehicle out of the "Run" position and into "Accessory" or "Off". "These improvements include continuation of a new organizational structure devoted to global vehicle safety and the company's "Speak Up for Safety" program". "It put profit ahead of integrity and, more disturbingly, sat on its corporate hands as unwitting drivers and their passengers traveled throughout New Jersey - and throughout our nation - in GM vehicles that had the potential to fail and become uncontrollable at highway speeds". GM recalled 9 million cars.



Like this

Latest


19 October 2017
The Bank of New York Mellon Corporation (BK), Danaher Corporation (DHR)
That equated to 94 cents per share, 2 cents higher than the average estimate of analysts compiled by FactSet Research Systems. COPYRIGHT VIOLATION WARNING: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal.

19 October 2017
Warriors forward's MRI exam on knee negative
The Warriors and their fanbase can let out a collective sigh of relief as loud as Draymond Green's voice. According to ESPN, the forward underwent an MRI on his left knee and results came back negative.

19 October 2017
Precision Drilling Corporation (NYSE:PDS) Valuation According To Analysts
Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $262590 in the Current Quarter. The stock has performed -1.87% over the last seven days, -9.03% over the last thirty, and -20.36% over the last three months.

19 October 2017
Blue Apron to lay off 6% of workforce
The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.21). In August, Blue Apron imposed a temporary hiring freeze and fired 14 members of its recruiting team.

19 October 2017
Suspected of sexual assault, Gilbert Rozon ( France has incredible talent) resigns - Gala
Coderre said he'd let the judicial process play out, but that the pressure on the victims should be relieved. "We must think of those who denounce and encourage them to do so".

19 October 2017
Michele Marsh dead; longtime New York TV news anchor was 63
In her last moments, Marsh had expressed her gratitude for her family and thanked them for being there for her, Paschall said. Her son John Paschall told the Daily News , "She fought an incredible fight, and she beat all the odds against her".

19 October 2017
USA Olympic gymnast McKayla Maroney alleges abuse by former team doctor
From 1997 until he was sacked last September, Nassar was a sports medicine doctor and faculty member at Michigan State University. This is happening everywhere. "Wherever there is a position of power, there seems to be a potential for abuse", she added.

19 October 2017
Centene Corporation (NYSE:CNC) Among Today's Most Volatile Stocks - Down by 3.33%
Over a month, it has seen its stock price volatility to stay at 4.19% while shortening the period to a week, volatility was 3.38%. Ditmore, Director, sold 3,900 with an average share price of $75.43 per share and the total transaction amounting to $294,177.00.

19 October 2017
Federal Bureau of Investigation announces arrest of suspected serial robber
Lucie Blvd., at 4:54 p.m. and a Palm City Wells Fargo branch, 2801 SW High Meadows Ave., at 5:38 p.m. Another individual in the auto was also arrested and placed into state custody.

19 October 2017
SUV rams into crowd in Ukraine, kills six
She did not consume alcoholic beverages, and if she is found guilty she will end up spending 10 years behind bars. The two injured, including a pregnant woman, are in critical condition, according to local healthcare officials.



Recommended