General Motors agreed on Friday, May 16, 2014 to pay a $35 million civil penalty for its slow action to address an ignition-switch flaw that has been linked to 13 deaths.The Washington Post story, written by reporter Michael A. Fletcher states that the fine is the maximum penalty the National Highway Traffic Safety Administration can impose for failing to disclose safety problems in a timely matter.
The story also reports that the fine represents just a tiny fraction of the $37 billion in revenue GM generated in just the first quarter this year.
There is more to the settlement and the story. To read the entire story CLICK HERE.
Video: General Motors has agreed to pay a $35 million dollar civil penalty over its failure to promptly report a defect that was discovered more than a decade ago. The faulty ignition switches have been linked to at least 13 deaths.
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