Four months after General Motors said it had approved 124 death claims – 10 times the number the carmaker originally acknowledged – related to the massive ignition switch defect it failed to address in more than 2.59 million vehicles, lawyers for the company have calculated a final bill for paid-out claims: $594.5 million. [More]
Compensation Fund
At Least 124 People Died Because Of General Motors Ignition Defect
By 8.4.15
One year after General Motors’ victim compensation fund began accepting death and injury claims related to its massive ignition switch issue and six months after the submission deadline, the carmaker announced it had completed its review. Now, instead of acknowledging just 13 deaths tied to the deadly defect, the car manufacture is admitting that 124 deaths – nearly 10 times the original tally – resulted from its failure to address the problematic switches in more than 2.59 millions of vehicles. [More]
Takata Nixes Idea Of Airbag Victim Compensation Fund, For Now
By 7.10.15
Last month, in his first public address of the massive airbag defect linked to eight deaths and more than a hundred injuries, Takata CEO Shigehisa Takada announced the Japanese auto parts maker would consider the possibility of creating a victim compensation fund. Now, the company says such a fund is a no-go. [More]
GM Compensation Fund: Approved Death, Injury Claims Likely To Rise Following Onslaught Of New Submissions
By 2.2.15
Although the deadline for submissions to the General Motors ignition switch victims’ compensation fund has come and gone, officials with the program say the number of approved death and injury claims will likely rise for several more months. [More]
GM Compensation Fund Approves 50th Death Claim, Submission Deadline Saturday
By 1.26.15
Just five days before the submission deadline for consumers affected by General Motors’ massive ignition switch defect, administrators for the compensation fund say they have officially linked 50 deaths to the faulty devices. [More]
GM Ignition Recall Death Toll Increases Again, 23 Deaths Now Linked To Defective Switches
By 9.29.14
It may take months or even years before we realize the full scope of devastation caused by the defective ignition switches in General Motors vehicles. But each week the picture becomes a bit clearer. This week, the overseer of the independent compensation fund announced that two more deaths were the direct result of the defect that went ignored for more than a decade. [More]
