well its about time someone took some responsibility for a change, looks like GM might lose a few bucks on this one.
WASHINGTON (AP) — U.S. safety regulators fined General Motors a record $35 million Friday for taking at least a decade to disclose defects with ignition switches in small cars that are now linked to at least 13 deaths.
It’s the maximum penalty that the government can impose. But the amount is less than a day’s revenue for GM, based on the $37.4 billion it took in during the first quarter, and safety advocates were quick to question its effectiveness.
As part of an agreement announced Friday by the Transportation Department and National Highway Traffic Safety Administration, GM also has agreed to government oversight on safety issues, and to report safety problems much faster than in the past.
NHTSA has been investigating GM’s delayed recall of 2.6 million older small cars with defective ignition switches. GM has acknowledged knowing that the switches had problems as early as 2001, but it didn’t…
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