Trinity News Daily - U.S. and World Latest News from Technology, Entertainment, Health and Sports

Breaking Daily News and Current Events

Saturday, February 27, 2021
Log in
  • Headlines
  • Entertainment
  • Health
  • Sports
  • Technology
  • U.S.
  • World
  • Latest News
    • Larry David Decided the Return of ‘Curb Your Enthusiasm’ with New Season
    • Spiders Start to Fly in Chicago, As Their Season Begins
    • Hummingbird Vision Is Adapted To High-Speed Flight
    • Kronos Is The Latest Nickname For 2 Planet Eating Stars
    • The Ecosystem of Teller Lake in Colorado Threatened by Thousands of Goldfish
    • Researchers Dream of a World Without Mosquitoes
    • NASA Shares Spectacular Pic of Earthrise over Moon
    • The Ozone Layer is Repairing Itself
    • Giraffes Are In Danger Of Becoming Extinct In The Wild
    • Pregnant Woman Stabbed And Her Unborn Child Removed From Her Belly

Pages

  • Privacy Policy GDPR
  • Terms and Conditions
  • Trinity News Daily Staff
  • Who We Are

Recent Posts

  • Documentary Tells Story of Three Identical Strangers June 29, 2018
  • First Look at DiCaprio and Pitt in “Once Upon a Time in Hollywood” June 28, 2018
  • Jared Leto to Star in Spider-Man Spinoff “Morbius” June 28, 2018
  • Toby Kebbell Joins Vin Diesel’s Bloodshot June 27, 2018
  • New Record-Breaking Number of Academy Members Announced June 26, 2018
  • Actress Heather Locklear Arrested Once Again June 26, 2018
  • Game of Thrones’ Rose Leslie and Kit Harington Got Married June 25, 2018

GM Reaches $900M Settlement in Faulty Ignition Switch Case

September 18, 2015 By Jac Hardy Leave a Comment

Email, RSS Follow
GM Reaches $900M Settlement in Faulty Ignition Switch Case

GM’s Detroit offices

General Motors reached a $900 million criminal settlement with the Department of Justice over faulty ignition switches which the company failed to fix for more than a decade leading to the death of over 120 people.

The company now faces charges of wire fraud and for building a ‘scheme’ to hide the deadly defect from the eyes of the public and safety regulators. But the charges may be dismissed if the auto maker successfully recalls all the affected vehicles. General Motors pleaded not guilty.

Federal attorneys said that there’s a possibility of charging individuals in the case but finding the real culprits is difficult because people in the company had only partial knowledge of the issue.

Prosecutors learned that GM staffers failed to fix the fatal defect for more than a decade. Moreover, the company engaged in deceiving practices and lied to customers and regulators by saying that the faulty vehicles were safe to drive.

In the settlement, the auto maker admitted that it has fraudulently marketed the cars as safe for more than 10 years.

In a civil lawsuit, GM agreed to voluntarily provide compensation to 1,385 more victims of the ignition switch defect. Additionally, it came to terms with investors over the issue in a separate civil lawsuit. Both civil settlements would cost the company $575 million.

So far, the ignition switch case cost the auto maker over $2 billion in fines and damages, and it would cost even more after repairing all the affected vehicles. About 2.5 million cars could have the defect.

Mary Barra, General Motors’ chief executive, issued again a public apology on behalf of the company and vowed to revamp company’s policies and procedures to make communication more efficient between divisions.

Barra told staffers in a recent meeting that the company would take responsibility for its actions by agreeing with the penalties and apologizing to the public.

“But apologies and accountability won’t count for much if we don’t change our behavior. We can be proud that we have,”

Barra added.

The DOJ promised to appoint an official who will oversee the recall process over the course of the three years. Although federal prosecutors said that they couldn’t find an individual responsible for the tragedy, GM said it has laid off “wrongdoers.”

But victims are upset that people who made the decisions that led to the 120 deaths will not be held responsible for anything. Yet, DOJ attorneys said that the case was challenging because there isn’t any legislation that sanctions automakers that hide their vehicles’ safety defects.

Image Source: Wikipedia

Email, RSS Follow

Filed Under: Uncategorized

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 8 other subscribers

Recent Articles

cannabis plants

Prototype App Could Tell the Actual Effects of Cannabis on a Person

April 26, 2018 By Sandy Morton Leave a Comment

Viagra pill

Viagra Might Help Fight Cancer (Study)

April 12, 2018 By Sandy Morton Leave a Comment

Opioids in a plastic container.

Opioids Just As Effective As Over The Counter Drugs For Treating Chronic Pain (Study)

March 8, 2018 By Sandy Morton Leave a Comment

Child being exposed to bright lights from a tablet.

Bright Lights Before Bedtime Can Prevent Kids From Going To Sleep (Study)

March 6, 2018 By Sandy Morton Leave a Comment

Several opioid pills laid on a black surface.

The Opioid Pandemic Affects More and More US Children (Study)

March 5, 2018 By Sandy Morton Leave a Comment

Close-up of a colon cancer cell.

Eating Nuts May Help Avoid Colon Cancer (Study)

March 1, 2018 By Sandy Morton Leave a Comment

Woman suffering from obesity.

Prolonged Obesity Increases Risk Of Heart Disease (Study)

February 22, 2018 By Sandy Morton Leave a Comment

Glass of red wine.

Drinking Red Wine May Keep Teeth And Gums Healthy (Study)

February 21, 2018 By Sandy Morton Leave a Comment

Single fathers have higher mortality risk.

Mortality Rate For Single Fathers Is Surprisingly High (Study)

February 15, 2018 By Sandy Morton Leave a Comment

Woman with her male partner on a field.

Your Partner Can Cheat On You Even If They’re Sexually Satisfied (Study)

February 13, 2018 By Sandy Morton Leave a Comment

Cloth embroidered by a person suffering from schizophrenia.

Schizophrenia Patients Can Manage Verbal Hallucinations By Playing A Video Game

February 12, 2018 By Sandy Morton Leave a Comment

mouse on leaf in tree

Researchers are Testing a Cancer Vaccine for Human Usage (Study)

February 4, 2018 By Sandy Morton Leave a Comment

white pills on white surface

FDA Changes Packaging of Anti-Diarrhea Drug to Avoid Abuse

January 31, 2018 By Sandy Morton Leave a Comment

Drinking too much alcohol during your teen years was potentially linked to liver diseases later on.

Liver Diseases Likelier In People Who Drank Large Amounts Of Alcohol In Their Adolescence

January 22, 2018 By Sandy Morton Leave a Comment

Categories

  • Business
  • Entertainment
  • Headlines
  • Health
  • Nature
  • Science
  • Sports
  • Technology
  • U.S.
  • Uncategorized
  • World

Copyright © 2021 TrinityNewsDaily.com

About · Staff · Terms and Conditions · Privacy Policy

This website uses cookies to ensure you get the best experience on our website. Learn more.