GM to pay maximum U.S. penalty over recall as part of transport probe
- 10 years ago
ROUGH CUT (NO REPORTER NARRATION)
General Motors Co will pay a $35 million fine as part of the U.S. Transportation Department's investigation into the handling of faulty ignition switches in some of its vehicles, the automaker and government said on Friday (May 16).
GM also agreed to take part in "unprecedented oversight requirements," including providing full access to its internal investigation and notifying federal transportation officials of any changes to GM's effort to make repair parts, the government said.
"For failing to report a safety defect in a timely manner, General Motors has agreed to pay a 35 million dollar civil penalty, which is the maximum penalty under the law. It is also the highest civil penalty ever paid as a result of a NHTSA investigation into violations stemming from a recall, " said United States Secretary of Transportation Anthony Foxx.
"Today's penalty doesn't just penalize GM for inactions in the past, it also looks to the future t
General Motors Co will pay a $35 million fine as part of the U.S. Transportation Department's investigation into the handling of faulty ignition switches in some of its vehicles, the automaker and government said on Friday (May 16).
GM also agreed to take part in "unprecedented oversight requirements," including providing full access to its internal investigation and notifying federal transportation officials of any changes to GM's effort to make repair parts, the government said.
"For failing to report a safety defect in a timely manner, General Motors has agreed to pay a 35 million dollar civil penalty, which is the maximum penalty under the law. It is also the highest civil penalty ever paid as a result of a NHTSA investigation into violations stemming from a recall, " said United States Secretary of Transportation Anthony Foxx.
"Today's penalty doesn't just penalize GM for inactions in the past, it also looks to the future t