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GM ignition lock scandal: GM pays a $ 900 million fine

GM ignition lock scandal
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G M admits that it failed to report problems with defective ignition locks and misled customers about the safety of affected vehicles. GM had only started to recall about 2.6 million vehicles because of the defective ignition locks in February 2014, although the problem had been known internally for a good 10 years. The families of the accident victims should also be generously compensated.

Due to the defective ignition locks, there is a risk that the ignition key jumps to the off position while driving and thus switches off the engine and all electronic components. The ignition lock scandal is linked to 124 deaths and 275 injuries. With the negotiated fine, GM comes away much cheaper than its Japanese competitor Toyota, which had to pay $ 1.2 billion in a similar case.

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