GM agrees to pay $35 Million fine

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

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