GM launches compensation program for crash victims
Thu, 05 Jun 2014 17:27:18 GMT —
General Motors says it will launch a compensation program for crash victims or their families as a result of faulty ignition switches linked to at least 13 deaths that prompted a recall of 2.6 million cars.
The company said Thursday it expects the program will start accepting claims Aug. 1. It will be administered by compensation expert Kenneth Feinberg.
The announcement comes the same day a report is expected to be released that was authored by former U.S. Attorney Anton Valukas and paid for by General Motors.
CEO Mary Barra said Thursday morning that the report finds a pattern of incompetency and neglect, but not a cover-up, at the heart of the Detroit automaker's long delay in dealing with faulty ignition switches.