The switch in this case is the replacement for the one for which GM has paid roughly $2.5 billion in criminal and civil penalties, settlements and legal fees
Ignition Switch Recall
A faulty ignition switch in GM vehicles has been linked to 124 deaths and 275 injuries.
This fine is a drop in the bucket compared to the total costs of the ignition switch scandal.
A federal jury found Wednesday that a General Motors car equipped with defective ignition switches were unreasonably dangerous. But the jury didn't award any damages to plaintiffs in the case, saying the ignition switch did not cause their car crash.
A federal judge has denied a motion that sought to oust lead counsel for plaintiffs suing General Motors over deaths and injuries caused by faulty ignition switches.
Days after a bellwether lawsuit over GM ignition switches abruptly ended, there are more troubling signs for other plaintiffs involved in litigation.
In the wake of the General Motors safety crisis, the mother of one ignition-switch victim is working with lawmakers to ensure motorists receive more information on vehicle defects from dealerships.
Back in December, the Department of Transportation won a long-sought increase in the maximum fine it could levy against automakers who flouted federal safety standards. Lawmakers tripled the amount from $35 million to $105 million for each violation.
Attorney Ken Feinberg has jumped from one automotive debacle to another. Volkswagen said it has retained the settlement specialist to compensate diesel car owners affected by the company's cheating on emissions tests.
GM is recalling 3,300 examples of the Chevy Silverado, Suburban, Tahoe, and GMC Sierra due to a newly discovered flaw with their ignition switches. The company caught the issue early, and there have been no reports of injuries or crashes.
Years after rescuing the company from bankruptcy, safety advocates feel the US federal government has once again bailed out General Motors.
The US Department of Transportation has decided to extend its regulatory supervision over General Motors for an additional year. The government agency believes that the oversight is a proactive way to address possible safety defects.
At least 124 people have been killed and 390 injured in car accidents caused by defective General Motors ignition switches, according to the latest available figures.
At least 80 motorists have been killed by defective General Motors ignition switches, according to figures released by the administrator in charge of compensating victims.
Michael Mikkikin, the general council for General Motors, announced his retirement from the automaker last year. However, he now might not leave until July, while the company searches for a successor.
At the end of January GM said it would hold pat on its dividend of 30 cents per share, leading investors to complain. This week it said it would increase the dividend 20 percent, and later this year would look at "further return of capital to shareholders" assuming it can get the recall fiasco concluded.