USA - The range of companies under the GM Banner and with the Ignition issues has been resolved via the US SEC.

General Motors Co. (NYSE: GM) announced today that it has resolved a U.S. Securities and Exchange Commission investigation arising from the company’s 2014 ignition switch recalls by consenting to an administrative SEC Cease and Desist Order, without admitting or denying any wrongdoing. 

The SEC settlement does not call into question any of GM’s current or prior financial statements or its disclosures.  Also, no material weakness or significant deficiency was found by the SEC. 

The pictures above and description of models at the base are just a small percentage of the models that have been recalled for the Ignition issues, if you have any queries, try >>HERE<< there is more info, and if you are still unsure, then contact your local GM dealership and they will be more than happy to check out if your car has been recalled or not - and if it still needs doing.

Since the ignition switch recall, GM has been proactively and successfully resolving ignition switch issues with customers and regulators at both the state and federal level. GM will pay a civil penalty of $1 million as part of the settlement.

In the months immediately following the ignition switch recall, GM reorganized its vehicle engineering teams for greater transparency, urgency and accountability. This included creating a new global vehicle safety organization that is focused on executing zero-defect safety systems for vehicles and customers.

The safety organization includes an industry-leading emerging issues and data analysis team and a re-engineered field investigation process. The company also created a “Speak Up For Safety” program that provides all employees and suppliers an opportunity to report or suggest any potential safety related items.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

General Motors Ignition Switch death claims extended by another seven sad victims.

General Motors’ ignition-switch compensation fund approved another seven death claims associated with ignition switch defects in its cars in the past week, bringing the total to 97 deaths, the office administering GM’s compensation fund said.

GM originally said it knew of only 13 deaths linked to the defect.

The office of attorney Kenneth Feinberg, who is overseeing victim compensation on the automaker’s behalf, also approved 16 more injury claims, raising the total to 179 approved injury claims as of May 1.

Of the 179 approved injury claims, 12 are for serious injuries resulting in quadriplegia, paraplegia, double amputation, permanent brain damage or pervasive burn. The other 167 claims are for less serious injuries requiring hospitalization or outpatient medical treatment within 48 hours of the accident.

The deadline for victims to file claims was Jan. 31.

After GM recalled 2.6 million vehicles with faulty ignition switches last year, the automaker hired Feinberg to administer the victims compensate program.

The defective switches can move from the “run” position, which cuts power to the power steering, brakes and airbags. 

A person seeking compensation must prove that the airbag did not deploy, and must show the defective switch was the primary cause of the crash.

Through Friday, GM had received 474 claims for deaths, 289 claims for catastrophic injuries and 3,579 claims for injuries requiring hospitalization. Feinberg’s office is still reviewing another 669 claims.

Hannah Lutz

Nora Naughton 

REPORT HERE