Follow Us
General Motors could be paying out billions of dollars to people harmed in crashes caused by faulty ignition switches in older-model small cars, according to details of a plan announced Monday by Kenneth Feinberg, the nation's most well-known compensation expert.
GM says it's trying to do the right thing by making the payments. The company says at least 54 crashes and 13 deaths were caused by the problem, but lawyers and lawmakers say there will be hundreds of claims. GM is recalling 2.6 million small cars from 2003-2011 due to the problem. Feinberg says there's no limit to the total amount he can pay, and GM can't overrule his decisions. Read more...
More about Business
0 comments:
Post a Comment