GM agrees to pay $35 Million fine

GM Recall

BIRMINGHAM, Ala. (WIAT) – It’s the largest fine levied on a US auto maker in our nations history. General Motors will pay $35 million in civil penalties for failing to come forward with a known defect in it’s automobiles. A flaw in ignition switches is to blame for 13 deaths over the last decade.

Executives at General Motors admitted to knowing about the issue at least 10 years ago. Civil fines like this typically are paid into the US Treasury and at times paid out to the victims. Not including the GM fine the US Treasury Department has received just over $171 million as a result of civil penalties this year from nine different companies. You can review the fines for yourself by clicking here.

Copyright 2014 WIAT 42

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s