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GM Pays $1 Million To Settle Charges In Defective Ignition Switch Scandal
- Patch.com, Thursday, January 19, 2017 8 AM
General Motors has agreed to pay a $1 million penalty to settle federal charges that it didn’t properly assess the impact of its defective ignition switch scandal on the company’s financial statements, the Securities and Exchange Commission said Wednesday. The faulty ignition switch is linked to the death of at least 124 people and the injury of 275.
