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Newsby AE eMagazineAugust 1, 2014

GM Victims Fund Opens Door on Friday

General Motors Co. on Friday starts taking applications from victims of accidents connected to defective ignition switches in its small cars, promising the first payouts from the about $400 million fund by November, reported The Wall Street Journal. The nation’s largest auto maker has said it would pay from $20,000 to several million dollars per ... Read More »

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Newsby AE eMagazineJuly 24, 2014

GM Estimates Ignition Switch Victim Fund Will Cost at Least $400 Million

General Motors estimated that it would pay victims of an ignition-switch defect about $400 million in settlements through a compensation fund administered by an outside official — although it said the cost could increase by $200 million depending on the number of people who file claims, reported Detroit Free Press. The company eked out a ... Read More »

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Newsby AE eMagazineJuly 24, 2014

Long List of GM Cars Suffered From Ignition Woes

General Motors Co. knew more than a decade ago that loose ignition switches caused stalling on far more than its Chevrolet Cobalt and related small cars, redesigning switches in at least three high-volume car families between 2003 and 2006, according to recently disclosed company documents, reported The Wall Street Journal. The auto maker didn’t recall ... Read More »

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