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00:02General Motors agreed to pay $12.75 million in civil penalties
00:06to settle allegations it illegally sold OnStar driver data to brokers
00:11without customer consent, according to Reuters.
00:14California Attorney General Rob Bonta said,
00:17GM's OnStar system tracked driving behavior,
00:20including hard braking, speeding, rapid acceleration, and precise geolocation.
00:26Bonta said, GM sold data from hundreds of thousands of Californians
00:30to Verisk Analytics and LexisNexis risk solutions,
00:34generating roughly $20 million.
00:36The settlement requires GM to stop selling driver data
00:40to consumer reporting agencies for five years,
00:43delete retained data unless customers provide explicit consent,
00:47and request that Verisk and LexisNexis purge the information.
00:51GM told Reuters, the settlement addresses SmartDriver,
00:54a product it discontinued in 2024.
00:57Shares have gained 65.89% over the past 12 months.
01:01For all things money, visit Benzinga.com.
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