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.



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