GM Admits To Misleading The Fed Over Ignition Switch Defect - Agrees To $900 Million Fine

General Motors agreed to pay $900 million and admit to misleading the government and the public about the safety of its vehicles to end a U.S. criminal investigation into its handling of defective ignition switches linked to 124 deaths.

The settlement and charges, which were detailed in papers filed today in Manhattan federal court, have transformed the relationship between the automaker and the U.S. government, which had bailed out GM during the financial crisis.

GM admitted to failing to disclose to its U.S. regulator and the public a potentially lethal safety defect with the switches that kept airbags from deploying in some vehicles.

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TheSteve - 9/17/2015 11:55:32 AM

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Title: "GM Admits To Misleading The Fed Over Ignition Switch Defect..."

This is consistent with my view of GM. I don't think of them as a company who cares about their customers or their customers' experiences. GM is not exactly a model that other companies aspire to follow.

MrEE - 9/17/2015 11:35:31 PM

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They got a sweetheart deal I would say. Should have jail time for some.