The families of 52 people killed in crashes caused by faulty General Motors small-car ignition switches will receive millions in compensation from a company fund.
If it weren’t for the recalls, 2014 would have been a stellar year for General Motors.
“I can say that there will likely be more” death and injury claims granted, compensation expert Kenneth Feinberg said.
With five days left before the deadline, compensation expert Kenneth Feinberg says 50 death cases are eligible for money due to crashes caused by faulty ignition switches.
About 32,100 of the tires were made for the GM SUVs, which are produced at a factory near Lansing.
General Motors Co. set a company record last year for global sales, but it was outsold by German automaker Volkswagen AG.
In an hour-long meeting with reporters, Mary Barra said the crisis forced GM to quickly acknowledge its shortcomings and address them.
At least 42 people have died and 58 have been injured in crashes involving General Motors cars with defective ignition switches.