Government fines GM maximum $35 million in safety case
Posted: May 16, 2014 at 11:32 a.m.
WASHINGTON — U.S. safety regulators have fined General Motors $35 million for delays in recalling small cars with faulty ignition switches that are linked to at least 13 deaths.
It’s the maximum penalty that the government can impose and the first time an automaker has been fined that much. 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.
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.
Read Saturday's Arkansas Democrat-Gazette for more on this story.