Home > Auto > Cars > GM agrees to $120 million settlement to resolve ignition suits
File photo used for representational purpose only. (AFP)
File photo used for representational purpose only. (AFP)

GM agrees to $120 million settlement to resolve ignition suits

The deal, which must be approved by a judge, would resolve hundreds of lawsuits filed before the automaker sought bankruptcy protection in 2009.

General Motors Co. agreed to a $120 million settlement over faulty ignition switches that allegedly caused cars to stall and air bags to deploy, in some cases triggering fatal accidents.

The deal, which must be approved by a judge, would resolve hundreds of lawsuits filed before the automaker sought bankruptcy protection in 2009.

Similar Cars

Help us with your basic details!

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city

We have recorded your information for the latest offer on model . Stay connected for further latest offers.

Under the settlement, which was filed Friday in federal court in Manhattan, GM will contribute as much as $70 million to drivers and in some cases their survivors.

A trust formed in connection with its bankruptcy will contribute $50 million, according to the settlement. GM also agreed to pay as much as $34.5 million to the lawyers who represented drivers in the court case.

GM denies any wrongdoing.


This story has been published from a wire agency feed without modifications to the text.

  • First Published Date : 28 Mar 2020, 09:59 PM IST