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General Motors Plans to Offer a Broad PayoutBack

GMLogoFund could offer payments to anyone injured or killed in crash in which air bags didn’t deploy.

A fund set up by General Motors Co. to compensate victims of crashes linked to defective ignition switches could offer payments for anyone injured or killed in a crash in which the car’s air bags didn’t deploy, people familiar with the situation said. Compensation expert Kenneth Feinberg, who will administer the fund, is expected to outline details of the victims’ fund as early as next week. Families of people killed or injured in one of the 2.6 million recalled cars could opt out of accepting payments from the fund if they want to sue the auto maker.

Source: The Wall Street Journal

Posted by Sue Robinson on 27/06/2014