General Motors is expected to settle with the Federal Government over faulty ignition switches. A “source familiar with the case” tells ABC News federal prosecutors here in New York will announce a settlement with GM over faulty ignition switches. GM is expected to have to pay a fine in the hundreds of millions of dollars.
A compensation expert hired by GM linked more than a hundred deaths to the faulty switches, which disabled power steering, brakes and air bags. GM knew about the safety defect for years but waited until 2014 to recall older model Chevy Cobalts and other compact cars.
ABC’s Scott Goldberg joined us from New York City.