GM has just driven away from a fiery crash. The United States is a police officer who has pulled him over. USA: I'm letting you off with a $900 million warning this time...
For hiding a fatal ignition-switch defect tied to at least 174 deaths, GM employees will face no criminal charges ad the automaker will pay a $900 million fine – less than a third of its $2.8 billion in profit last year. Many are disappointed by this settlement.
Compared to Toyota, which paid a whopping $1.2 billion in 2014 over allegedly attempting to cover up acceleration issues in its vehicles. The investigation found that five people had died of a result of the issues. GM allowed the ignition problem to continue of 10 years and paid a $35 million fine to the NHTSA.
For hiding a fatal ignition-switch defect tied to at least 174 deaths, GM employees will face no criminal charges ad the automaker will pay a $900 million fine – less than a third of its $2.8 billion in profit last year. Many are disappointed by this settlement.
Compared to Toyota, which paid a whopping $1.2 billion in 2014 over allegedly attempting to cover up acceleration issues in its vehicles. The investigation found that five people had died of a result of the issues. GM allowed the ignition problem to continue of 10 years and paid a $35 million fine to the NHTSA.