Trade Resources Company News General Motors Will Not Practice Ignition Switch Compensation Program

General Motors Will Not Practice Ignition Switch Compensation Program

General Motors has rejected the pleas of two US senators who urged the automaker to extend the deadline for filing claims related to faulty ignition switch compensation program.

The company in return said that it already extended the program once and is not planning to extend it again, reported Reuters.

So far the company has received 3,068 claims related to death and injuries and according to the head of compensation, 50 of the claims have been found eligible for compensation.

The Detroit based company has recalled 2.6 million cars due to faulty ignition switches and has faced several lawsuits.

The Detroit News cited the senators as saying: "Victims that qualify for compensation must have a meaningful choice between accepting restitution through the fund or pursuing their claims in court, and that choice can't be made until they have all the information necessary to decide whether to waive their legal rights to pursue litigation at a future date.

"While we appreciate your company's voluntary commitment to the compensation fund, to truly live up to the promises you have made ... in the wake of the ignition switch recalls, GM must reconsider the deadlines associated with the fund."

 

 

Source: http://www.automotive-business-review.com/news/general-motors-will-not-extend-ignition-switch-compensation-program-290115-4499846
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General Motors Will Not Extend Ignition Switch Compensation Program
Topics: Auto Parts