Tuesday, July 01, 2014

GENERAL MOTORS - Payout Plan to Victims

"Exploring GM’s payout plan for ignition switch victims" PBS NewsHour 6/30/2014

Excerpt

JUDY WOODRUFF (NewsHour):  General Motors announced far more safety recalls today, this time an additional 8.4 million vehicles worldwide.  The automaker said it is aware of seven crashes, eight injuries and three fatalities related to the recalled vehicles.  GM said it knows of problems with the ignition key’s rotation.

The models, which include Cadillacs, Chevy Malibus and Impalas, among others, were sold between 1996 and 2014.  That news came just hours after terms for a victims compensation fund were announced.  That fund will have no cap, and the fund’s administrator said he will do whatever it takes to resolve each and every claim.

Jeffrey Brown has our coverage.

JEFFREY BROWN (NewsHour):  More than 250 million cars are on American roads, and six months ago, General Motors recalled 2.6 million of them for potentially deadly ignition switch problems.

The automaker had known about the problem for more than a decade, and ultimately acknowledged its role in at least 13 deaths.  Today came the details on a compensation fund for victims.

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