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Jul 15, 2015

RECALLS * USA: GM's Cobalt's ignition switch deaths

* Michigan - General Motors ignition switch deaths total 124 as fund completes work


-- GM recalled 2.6 million Chevrolet Cobalts and other small cars last year but acknowledged it knew about the ignition switch problems for more than a decade... A compensation fund set up for victims of faulty ignition switches in General Motors vehicles says the switches were responsible for 124 deaths and 266 injuries... The fund, run by attorney Kenneth Feinberg, has finished processing the 4,342 claims it received by the Jan 31 deadline... Of those, 91 per cent were deemed ineligible or deficient. Claimants could not appeal Feinberg's decision. Victims' families are being offered compensation of at least $1 million each... 
(Photo: Cobalt Vehicle Sits on the Production Line)  --  Detroit, MICH, USA - ET Auto (India) - 13 July 2015

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