GM, After Six-Year Battle, Settles Another Ignition-Switch Lawsuit for $120 Million
General Motors has reached a preliminary settlement in a lawsuit on behalf of owners of vehicles with faulty ignition switches and related defects, agreeing to pay $120 million. The class-action lawsuit claimed loss of residual value in owners’ vehicles because of the defect. GM has recalled more than 2.6 million vehicles from the 2004 through […] More