The Justice Department has reached a settlement with General Motors over the issue of faulty ignition switches that led to over 100 deaths and hundreds of injuries, according to officials familiar with the case.
The Justice Department will announce the
settlement Thursday at a news conference in New York. It will include a
fine of hundreds of millions of dollars, the officials say.
The agreement will settle charges that the
company failed to obey federal laws that require prompt disclosure of
safety problems. Last year, GM began recalling two-and-a-half-million
cars with ignition switches that could suddenly shut off the engine —
disabling the airbags and cutting off the power steering and power
brakes.
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