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May 16, 2014 07:11 pm GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/a6N1-dndFsA/
GM Fined $35 Million for Ignition-Related Recalls
The Department of Transportation announced on Friday it was giving its maximum fine of $35 million to General Motors for delaying recalls for some models with faulty ignition switches.
The glitch has been linked to 13 deaths.
See also: All the Cars Recalled So Far This Year
The fine of $35 million is the maximum allowed by law. GM posted revenues of $155.4 billion last year and $3.8 billion in profits. In a press release announcing the fine, the DOT said GM "will also pay additional civil penalties for failing to respond on time to the agency’s document demands during National Highway Traffic Safety Administration's investigation." Read more...
More about Business and Gm RecallsOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/a6N1-dndFsA/
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