58 Articles
Official
GM receives 57 more claims for ignition switch compensation, 4,237 total

The General Motors ignition switch compensation fund received 57 more reports this week that were postmarked before the January 31 deadline. The number of accepted claims ticked up slightly by one additional death and two more injuries.

Report
GM ignition switch claims soar over 4,000 as deadline passes

As the appeal process closes for General Motors' ignition switch recall compensation fund, the tally of claims stands at 4,180. That number might climb, though, because claims postmarked January 31 are still being accepted. As of the latest total, the attorneys found 51 deaths and 77 injures caused by the faulty parts.

Report
GM ignition switch recall fund reaches 100 approved claims for deaths, injuries

The General Motors ignition switch compensation fund has the macabre task of determining whether to pay settlements to those hurt by the automaker's faulty parts. The group, led by attorney Kenneth Feinberg, has been accepting claims since August 1, and the latest statistics have brought to light quite a grisly figure. It has now offered 100 people remuneration for injuries or deaths due to the bad switches.

Report
Woman's criminal record cleared in crash caused by GM's ignition defect

A woman in Texas is celebrating a cleared criminal record after being exonerated in a fatal crash now linked to General Motors' faulty ignition switches. Candice Anderson was driving a Saturn Ion in 2004 when she struck a tree. The incident injured her and killed her boyfriend in the front passenger seat. When investigators found no skid marks or signs of evasion and a small amount of Xanax in her system, Anderson was indicted on a charge of

Report
GM allegedly ordered 500k replacement ignition switches months before recall [UPDATE]

It appears that General Motors began preparing for its ignition switch recall far earlier than previously known. According to emails viewed by The Wall Street Journal, a contract worker for the automaker allegedly placed an order for 500,000 replacement ignition switches from Delphi to prepare for the repairs on December 18, 2013. However

Report
GM hit with $10B lawsuit for losses on 27M recalled cars

Attorneys are continuing to fight to prove that the recalls from General Motors this year allegedly affect vehicle resale values. A $10 billion lawsuit, which is hoping to obtain class-action status, could cover as many as 27 million vehicles and consolidates hundreds of smaller claims. This latest case appears to be related to the one fr

Report
GM compensation fund finds at least 19 deaths related to faulty ignition switches [w/video]

It appears that the safety problems stemming from General Motors' faulty ignition switches may stretch further than the automaker as admitted to. In a new interview with CNN Money, Kenneth Feinberg, the lawyer overseeing the settlement process for GM, says that there are at least 19 deaths and 12 injuries being compensated so far. That's more than th

Report
GM's board of directors was 'shocked' and 'stunned' by recall woes

"We didn't understand the enormity of the situation at the beginning, because I don't think management did," said board chairman Theodore Solso to the NYT.

Study
Recalls have almost no effect on used car prices

This has been a bad year for recalls. The US auto industry broke the record for repair campaigns months ago, and with about 25.8 million vehicles needing fixed, General Motors has gotten close to 2013's total full-year figure of 27.96-million r

GM Hit With New Lawsuit Over Ignition Switch Deaths

Plaintiffs may not meet certain requirements that would entitle them to damages via a compensation fund

A lawsuit filed in a New York court Tuesday seeks damages on behalf of more than 650 people allegedly injured or killed in General Motors' defective cars.

Official
GM quarterly earnings tank due to recall costs

Given General Motors' steady stream of recalls this year (including a single day with around 8.4 million vehicles needing repair), it's not a huge surprise that the cost to deal with all of the problems will be high. However, few analysts expected the tab to be this steep. In the General's just-announced second-quarter financial filing, it revealed that net income for the quarter was just $2

Report
Probe shows current GM VP Parks aware of ignition problem in 2005

New documents have revealed that a current General Motors vice president, Doug Parks, was aware of the ignition switch problems on the Chevrolet Cobalt as early as 2005. At the time, Parks, whom Bloomberg called a

Report
GM says second recalled ignition switch was made in China

The defective ignition switch that led General Motors to recall an additional 3.4 million large sedans earlier this month was manufactured in China, according to a report filed with safety regulators obtained by Reuters.

Report
GM has fixed 150k of 2.6M ignition-switch recall cars

Four months into the General Motors ignition switch recall, the embattled Detroit automaker has repaired approximately six percent of the 2.59 million vehicles afflicted by the problem, which has already claimed at least 13 lives. That troubling statistic comes from a memo, obtained by Bloomberg, from congressional investigators.

Report
NHTSA ends $7,000 daily GM fines

General Motors will be saving a little more money everyday from now on. The National Highway Traffic Safety Administration has decided that the automaker is now finally in compliance with the regulator's records requests and ended the automaker's $7,000 a day in fines to the feds.

Report
Family angry GM isn't counting their daughter as one of the recall victims

At this point anyone with even a passing knowledge of the General Motors ignition switch recall knows that the official number of deaths recognized by the automaker itself caused by the faulty part currently stands at 13 people. That figure is still under much debate, though. Reuters claims that it could be as high as 74 people, ci

Report
Reuters claiming at least 74 people killed due to faulty GM ignition switches

The study also found that the Chevy Cobalt and Saturn Ion were more likely to be involved in fatal crashes than their competitors.

Report
GM seeking NY court for ignition switch lawsuits

The struggle is on to decide where to hear the US district court cases relating to General Motors ignition switch recall. The automaker already paid a $35 million fine to the National Highway Traffic Safety Administration over its poor handling of the situation, and it agreed to additional oversigh

Report
GM's Barra heads back to Washington

Embattled General Motors CEO Mary Barra is back in Washington, DC today, briefing congressional lawmakers on why it took the company ten years to recall cars with defective ignition switches.

Report
GM facing $10B in ignition-related lawsuits, plans legal dept. overhaul

Another day, another calamity for General Motors. The beleaguered manufacturer is now staring down the barrel of $10 billion in lawsuits from the disgruntled owners of vehicles affected by the ignition switch recall. Meanwhile, a board of judges will get together and figure out whether to combine the 79 individual lawsuits into one, big suit.

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