(Bloomberg) — General Motors Co. asked a judge to knock out lawsuits demanding $10 billion for the lost value of millions of cars recalled this year for ignition-switch fixes and other repairs.
The automaker told U.S. Bankruptcy Judge Robert Gerber in Manhattan that he freed it from responsibility for past errors when he signed off on a $49.5 billion government bailout in 2009.
GM in its filing Nov. 5 argued against customers' contention that it forfeited that immunity by hiding a long-known defect and exposing them to accidents and financial losses.
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