GM Paid Out $594 Million In Compensation To Almost 400 Victims Of Ignition Defect

General Motors' independent fund set up to compensate victims of accidents involving faulty ignition switches said it awarded $594.5 million and approved 399 death and injury claims.

The payout was slightly less than the $600 million originally set aside for the fund's payouts, but GM's total costs related to the ignition switch defects now top $2 billion -- including a $900 million settlement with the U.S. Department of Justice in September, the fund said today in its final report before winding up operations.

The fund run by compensation expert Ken Feinberg said 91 percent of proposed awards were accepted by the victims. That included all 124 death claims, and 16 of 18 serious injury claims.

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randy3023 - 12/10/2015 12:55:30 PM

+1 Boost

GM needs to test its components better.
List of parts that FAILED on my last GM car:

water pump: FAIL
radiator: FAIL
heater core: FAIL
center console: CHEAP PLASTIC/CRACKED
fuel pump: FAIL
window moldings: CHEAP PLASTIC/CRACKED
rear window roller: FAIL
hvac blower: FAIL
radiator fan FAIL
radiator fan relay: FAIL
A/C compressor: FAIL
hood latch wire: FAIL
tail light housing: CHEAP GLUE/FAIL
radio: FAIL
turn signal relay: FAIL
tcc solenoid: FAIL
fan belt: FAIL
alternator: FAIL
headliner: CHEAP GLUE/FAIL

HOW IS THIS ACCEPTABLE? GM MANAGEMENT BLOWS!!

Do these idiots do ANY testing?

randy3023 - 12/11/2015 11:36:49 AM

+1 Boost

Oops I forgot a couple parts:

muffler hanger: FAIL
pull-out cupholder: FAIL
wipers relay: FAIL
windshield washer fluid line: FAIL

nguyenvuminh - 12/10/2015 6:39:03 PM

+2 Boost

Watch it Randy, according to GMCadillac, GM is in the same world beating class as the German 3 when it comes to innovation, design and quality.

jameswisrik - 12/11/2015 8:14:57 AM

+3 Boost

GM paid using TARP money given to them by bush and hussein obama! Its not really coming from their profits! So ..again its the taxpayer flipping the bill for Govt Motors!

TAXPAYERS WERE SHORT $35,000,000,000.00 FROM THE BAILOUT REPAYMENT BY GM!

$594 MILLION IS CHANGE IN THEIR POCKET...PLUS THEY WILL BE ABLE TO USE THIS AS A TAX DEDUCTION..THEREFORE DECREASE THEIR TAX LIABILITY. GM is a FOO...friend of obama