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GM pays up to end investigation

Thursday, September 17, 2015 - 01:06

General Motors will pay $900 million and admit to misleading the government and the public about the safety of its vehicles to end a U.S. criminal investigation. Bobbi Rebell reports.

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General Motors admitting it mislead the government and the public about the safety of it's vehicles. The automaker also writing a big check - pay a $900 million penalty to settle the criminal case over defective ignition switches linked to 124 deaths. Preet Bharara, U.S. Attorney for the Southern District of New York. (SOUNDBITE) (SOUNDBITE) PREET BHARARA, U.S. ATTORNEY FOR THE SOUTHERN DISTRICT OF NEW YORK (ENGLISH) SAYING: "The $900 million penalty that the company agreed to pay, is, by the way, in addition to the hundreds and millions of dollars the company has already agreed to pay to families and victims through the victims compensation program established by the company." The defect caused some Chevrolet Cobalts, Saturn Ions and other GM vehicles to stall, preventing airbags from deploying during crashes. In some cases, it also shut off power steering and power brakes. GM will also hire an independent monitor to oversee its safety practices, including its ability to fix defects and handle recalls. GM faces more than 200 civil lawsuits over the ignition switch and other recalls.

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GM pays up to end investigation

Thursday, September 17, 2015 - 01:06