GM unveils plan to compensate ignition switch victims
General Motors on Monday unveiled a plan to compensate victims of the ignition switch defect that killed at least 13 people nationwide. The plan comes as millions of additional vehicles were added to the defect recall list.
Posted — UpdatedUnder the plan, families of those killed will be offered $1 million, plus $300,000 each for surviving spouses and dependents. The payments are for “emotional distress losses.”
Additional funds can be claimed for the economic impact of a crash, according to the plan.
Anyone filing a claim must prove the crash was caused by a faulty GM ignition switch.
At least 54 crashes are blamed on the defect, which led to the recall of over 2 million small GM vehicles.
On Monday, GM added 8.2 million vehicles to the recall list. The updated list covers seven vehicles, including the 1997-2005 Chevrolet Malibu, 2004-2008 Pontiac Grand Prix and 2003-2014 Cadillac CTS.
• Credits
Copyright 2024 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
