Tag Links: gm, cobalt, ion

SHARE THIS ARTICLE

Around 10 million owners of General Motors vehicles with faulty ignition switches that can cause unintended key rotation won’t be eligible for any sort of compensation from lawyer Kenneth Feinberg’s uncapped compensation fund, according to Fortune. Feinberg was hired by GM to set up a compensation fund to payout victims of crashes in vehicles affected by the initial recall of 2.5 million small cars in February. The Feinberg protocol was intended from the beginning to only pay victims or those had lost loved ones if they owned a Chevrolet Cobalt, Saturn Ion or other GM model wrapped up in first recall. Feinberg’s only limitation from GM was “that only certain eligible vehicles are subject to this program,” he said. In total 17 models are eligible for the protocol, but there are other vehicles, like the 5th generation Chevrolet Camaro, that suffer from similar key rotation issues and won’t be included.

Read Article


GM Compensation Funds Only Available For First Round Of Deadly Recalls

About the Author

Agent009