The $120 million settlement includes $6 million for Florida, $4.3 million for New York, $4.1 million for New Jersey, $7.3 million for Texas and $3.2 million for Connecticut. (AP Photo)

General Motors Co. will pay $120 million to state attorneys general to settle allegations the automaker concealed an ignition-switch defect.

The settlement, announced Thursday, comes three years after GM issued recalls for more than 9 million vehicles in the U.S. for a defect that could cause cars to suddenly lose electrical systems, including power steering and power brakes. In some situations, air bags failed to deploy in a collision. 

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