The final settlement includes a civil penalty of $1 million. It comes after GM's consent and cooperation in the SEC's investigation. General Motors neither admitted nor denied any wrongdoing with how it handled accounting during the ignition scandal.
Compared with GM's other costs related to the ignition recall from two years ago, the $1 million penalty is fairly minor. The faulty ignition switches, which contributed to the deaths of 124 people and injuries of 275, led the company to pay nearly $600 million to victims. The company also had to fix nearly 2.6 million cars with the ignition issue.