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G.M. to Pay U.S. $900 Million Over Ignition Switch Flaw
NYT ^ | SEPT. 17, 2015 | DANIELLE IVORY

Posted on 09/17/2015 8:43:19 AM PDT by upchuck

Ending the sprawling criminal investigation into its failure to disclose an ignition defect that killed at least 124 people, General Motors has agreed to pay $900 million to settle the case with the Justice Department, according to documents released by the agency.

The Justice Department did not file charges against any individual G.M. employees. It has also agreed to defer prosecution for three years on one count of wire fraud and one count of engaging in a scheme to conceal a deadly safety defect, provided that the automaker pays the financial penalty, submits to independent monitoring and continues to accept and acknowledge responsibility for its conduct. It is, in effect, corporation probation.

(Excerpt) Read more at nytimes.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
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Emphasis is mine.

At least 124 people killed. No jail time for any GM employee. Shame on the Just-Us Dept.

1 posted on 09/17/2015 8:43:19 AM PDT by upchuck
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To: upchuck
It is just a TAX
on the investors ,
to fund this Administration.
2 posted on 09/17/2015 8:45:01 AM PDT by Tilted Irish Kilt (The GOPe and Karl Rove got Obama elected twice. .. How'd that work out for ya ?)
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To: upchuck

A payment into Bammy’s $ta$h?


3 posted on 09/17/2015 8:45:46 AM PDT by Paladin2 (Ive given up on aphostrophys and spell chek on my current devices...one uses Brit spel now.)
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To: upchuck

If you don’t give us effective control over your company, we’ll put you in jail.

Fascism, anyone?


4 posted on 09/17/2015 8:46:00 AM PDT by Uncle Miltie (Imagine the GOPe spending half as much energy attacking liberals as they do conservatives!)
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To: upchuck

Shakedown.


5 posted on 09/17/2015 8:47:18 AM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: upchuck

Follow the money.


6 posted on 09/17/2015 8:48:48 AM PDT by Bratch
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To: upchuck
No jail time for any GM employee.

The government is loathe to prosecute their own.

7 posted on 09/17/2015 8:49:09 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: upchuck
Government Motors at its' best!

8 posted on 09/17/2015 8:49:48 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: upchuck

Earlier article on the ignition switch flaw:

http://www.freerepublic.com/focus/f-news/3329332/posts


9 posted on 09/17/2015 8:54:14 AM PDT by upchuck (Drinking buddies and BFFs: Satan, nobama and the AntiChrist. Different subject: Go CRUZ!)
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To: upchuck

900 million that will go directly to Iran. Lovely.


10 posted on 09/17/2015 9:04:26 AM PDT by Slyfox (Will no one rid us of this meddlesome president?)
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To: upchuck

It should have been more severe. Car companies have got to realize that it will be more expensive for them to pay the fines and have employees go to jail than to cover up something that they could fix.

Also, I’m not talking just about the immediate recall and repair, but about the redesign of that part. How hard would that be? But some of these problems were known about for 10 years and the company did nothing.


11 posted on 09/17/2015 9:05:19 AM PDT by livius
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To: upchuck

How’s that union ownership working out, GM?


12 posted on 09/17/2015 9:05:33 AM PDT by Seruzawa (All those memories will be lost,in time, like tears in rain.)
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To: upchuck

So, what does the government do with that $900 mil?


13 posted on 09/17/2015 9:12:12 AM PDT by SMM48
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To: upchuck

I have a Jeep with a Takata airbag recall problem , Fixed once then failed again as with hundreds of thousands installed in many makes . To date there is no word on any fix or settlement . I cannot sell the car because it will not pass the state inspection . The airbag has caused many very serious injuries when it deploys without reason . Metal parts causing severe lacerations to the face and head .


14 posted on 09/17/2015 9:16:19 AM PDT by Lionheartusa1 ()-: 0bamanomics is the equal distribution of adolescent propaganda & indoctrination :-)
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To: upchuck

The amount of the settlement is appropriate.

The punishment is not appropriate.

At some point, after say five incidents, GM should have known they had a problem that risked lives.

Even if they can’t get proof of who knew what and when, they can approximate. Justice is sometimes a sledgehammer, and makes collateral damage.

Multiple persons should be in jail.


15 posted on 09/17/2015 9:25:32 AM PDT by cicero2k
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To: cicero2k
The amount of the settlement is appropriate.

And who will pay for the settlement? Where will GM go to get the 900 Mil?

16 posted on 09/17/2015 9:39:07 AM PDT by upchuck (Drinking buddies and BFFs: Satan, nobama and the AntiChrist. Different subject: Go CRUZ!)
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To: upchuck

Toyota was hit for 1.2B. It’s good to be the gummint’s motor company.


17 posted on 09/17/2015 9:41:24 AM PDT by mykroar ("Never believe anything until it has been officially denied." - Otto von Bismarck)
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To: Bratch
Follow the money.

I wonder who much of this will go to liberal groups.

18 posted on 09/17/2015 9:42:34 AM PDT by aimhigh (1 John 3:21)
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To: upchuck

Part of THE BIG DEMOCRAT PARTY MONEY LAUNDERING MACHINE!


19 posted on 09/17/2015 9:49:17 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: upchuck
And who will pay for the settlement? Where will GM go to get the 900 Mil?

The shareholders.

GM sells a number of additional shares, and dilutes shareholder value.

Shareholders revolt, replace the board, who replaces management.

20 posted on 09/17/2015 9:55:17 AM PDT by cicero2k
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