General Motors will pay a $35 million fine for failure to report in a timely manner a defective ignition switch
The defective ignition switch in some GM cars was a widely known issue among GM engineers and executives in 2012 and long before that General Motors had received multiple warning about the defect said David Friedman, the acting administrator of the National Traffic Safety Administration of the Transportation Department Today in a joint news conference with Transportation Secretary Anthony Fox. As part of the settlement GM agreed to pay a record $35 million civil penalty and to take part in unprecedented oversight requirements.
Read more in the New York Time
Read the press release from the US Department of Transportation
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