(Bloomberg) -- General Motors Co.’s potential liability over flawed ignition switches isn’t over yet, and billions of dollars remain at stake.
GM agreed Thursday to pay $575 million to end a shareholder suit tied to the defect and more than 1,380 civil cases by victims. A separate $900 million accord with the U.S. government resolved a criminal probe into the matter.
That still leaves Detroit-based GM facing hundreds of personal-injury and wrongful-death claims over the deadly flaw, as well as suits by car owners seeking as much as $10 billion for the lost value of their vehicles.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
