GM pays $1.3 million to Kentucky in settlement

Oct 20, 2017, 00:46
GM pays $1.3 million to Kentucky in settlement

The settlement concluded a multi-state investigation into GM hiding safety issues from related to defects in the ignition switches of more than 9 million GM vehicles, according to the attorney general's release.

The states said GM knew as early as 2004 that the ignition switch posed a safety defect because it could cause airbag non-deployment, but company officials decided it was not a safety concern and delayed making recalls.

Since disclosing the defect, GM has paid a $900 million fine to end a criminal investigation by the U.S. Department of Justice and settled a class action brought by investors for $300 million.

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Wasden said Thursday the automaker had reached the $120 million settlement with attorneys general of 49 states and the District of Columbia. "Misrepresentations of safety standards are particularly troubling when they deal with motor vehicles because of the potential damage that can be done".

The recalls involved a defective ignition switch that, under certain circumstances, could move out of the "run" position into the "accessory" or "off" position, causing electrical systems, including power steering and power brakes, to become inoperable. GM continued to market the reliability and safety of its motor vehicles which were equipped with this defective ignition switch - reads a statement from the Michigan Attorney Generals Office.

It led to 124 deaths and recalled more than 2.6 million cars.

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The states alleged that these actions were unfair and deceptive and that the automaker's actions violated state laws, including West Virginia's Consumer Credit and Protection Act.

Attorney General Bill Schuette says the consent agreement will be presented to the Ingham County Circuit Court for approval.

CT and its municipal co-plaintiffs alleged that certain GM employees knew as early as 2004 that the ignition switch posed a safety defect because it could cause airbag non-deployment.

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Maintain a Global Vehicle Safety Organization that identifies and investigates safety issues.

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