Here are just a few highlighted details from General Motor's most recent report:
- GM has been brushing numerous engine and airbag malfunctions under the rug for far too long. Last year alone, 13 deaths were known among employees without the automaker taking proper action.
- Due to their negligence in reporting the crisis for almost a decade, the Justice Department is deliberating whether GM will be charged criminally. Fines may surpass $1.2 billion - the wire fraud charge which Toyota Motor Corp. paid last year.
- GM expects to spend $625 million in compensations, with at least $1 million in each death claim.
- In total, 4,342 claims were submitted with 474 of them being death claims. So far, 274 injuries and 124 deaths have been accepted into the faulty ignition switch compensation fund.
To learn more about the ongoing GM recall lawsuit, read more here.