General Motors will pay $120 million fine over faulty ignition switchesChristian Fernsby ▼ | March 28, 2020
General Motors has agreed to a $120 million settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents.
Car industry General Motors
Topics: General Motors fine
Under the settlement, which was filed Friday in federal court in Manhattan, GM will contribute as much as $70 million to drivers and in some cases their survivors.
A trust formed in connection with its bankruptcy will contribute $50 million, according to the settlement. GM also agreed to pay as much as $34.5 million to the lawyers who represented drivers in the court case. ■