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How much did the GM ignition switch recall cost?
GM has already paid $2.5 billion in legal costs and settlements related to the ignition switch defect, including a $900 million fine to the Justice Department and about $600 million as part of a compensation program to families of victims killed or those injured in accidents related to the faulty ignition switches.
What vehicles are included in the GM ignition switch recall?
GM ignition recall information
- CHEVROLET: Camaro 2010-2014. Cobalt 2005-2010. HHR 2006-2011.
- PONTIAC: G5 2007-2010. Grand Am 1999-2005. Grand Prix 2004-2008.
- CADILLAC: CTS 2003-2014. Deville 2000-2005.
- BUICK: Enclave 2009-2014. Lacrosse 2005-2009.
- OLDSMOBILE: Alero 1999-2004. Intrigue 1998-2002.
- SATURN: Ion 2003-2007. Sky 2007-2010.
Which GM cars have faulty ignition switches?
Which GM vehicles have faulty ignition switches?
- All 2005-2010 Chevrolet Cobalt.
- 2007-2010 Pontiac G5.
- 2003-2007 Saturn Ion.
- 2006-2011 Chevrolet HHR.
- 2006-2010 Pontiac Solstice.
- 2007-2010 Saturn Sky.
Is the GM ignition switch settlement legit?
GM has not admitted any wrongdoing surrounding its ignition switch or the other recalls, but agreed to a $121.1 million GM ignition switch economic settlement to resolve the claims against it. The final approval hearing for the GM ignition switch economic settlement is Dec. 18, 2020.
What was wrong with the GM ignition switch?
General Motors faced an uproar in 2014 over its handling of a defective ignition switch in some of the cars it manufactured — a problem that led to at least 13 deaths. The faulty switches could inadvertently shut off car engines and airbags during driving. Recalled models included Chevrolet Cobalts and Saturn Ions.
What happened with GM ignition switch?
On February 6, 2014, General Motors (GM) recalled about 800,000 of its small cars due to faulty ignition switches, which could shut off the engine while the vehicle was in motion and thereby prevent the airbags from inflating.
How long does an ignition switch last?
In some cases, vehicle owners were only able to get about 30,000 miles out of them. But in this day and age, most modern cars come with ignition switches in them that will last for up to 100,000 miles or more without giving out on you.
What happened with GM ignition switch recall?
The company continued to recall more of its cars over the next several months, resulting in nearly 30 million cars recalled worldwide and paid compensation for 124 deaths….General Motors ignition switch recalls.
| Date | February 6, 2014 |
|---|---|
| Outcome | 30 million cars worldwide recalled; paid compensation for 124 deaths; forfeited $900 million to the United States |
What happens when your ignition switch goes bad?
If the ignition switch fails while the engine is operating it may cut off power to the ignition and fuel systems, which will cause the engine to stall. Depending on the exact issue, the vehicle may or may not be able to be restarted a short while later.
How much money will I get from the GM ignition switch Economic settlement?
YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT A Class Member must have filed an eligible claim in order to receive a payment from the $121. 1 million Settlement Fund. Claims must have been postmarked, emailed, or submitted online by April 20, 2021.
Is there a recall on ignition?
Are there any recalls on General Motors ignition switches?
General Motors ignition switch recalls. On February 6, 2014, General Motors (GM) recalled about 800,000 of its small cars due to faulty ignition switches, which could shut off the engine while the vehicle was in motion and thereby prevent the airbags from inflating. The company continued to recall more of its cars over the next several months,
Are there any recalls on General Electric Gas ranges?
(see details) CPSC, General Electric Announce Recall of Gas Ranges Posing Fire Hazard Date: December 15 2005. These ranges were manufactured with a design flaw that can cause an electrical arc between the wiring and adjacent gas supply tubes at two locations in the control housing of the range, posing a fire hazard.
How many cars have been recalled by General Motors?
General Motors ignition switch recalls. The company continued to recall more of its cars over the next several months, resulting in nearly 30 million cars worldwide recalled and paid compensation for 124 deaths. The fault had been known to GM for at least a decade prior to the recall being declared.
How much money did GM have to forfeit for ignition switch recall?
The fault had been known to GM for at least a decade prior to the recall being declared. As part of a Deferred Prosecution Agreement, GM agreed to forfeit $900 million to the United States.