G.M. to Pay U.S. $900 Million Over Ignition Switch Flaw

NYT ^ | SEPT. 17, 2015 | DANIELLE IVORY

[upchuck]

Emphasis is mine.

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

[Tilted Irish Kilt]

It is just a TAX
on the investors ,
to fund this Administration.

[Paladin2]

A payment into Bammy’s $ta$h?

[Uncle Miltie]

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

Fascism, anyone?

[Nervous Tick]

Shakedown.

[Bratch]

Follow the money.

[Vigilanteman]

No jail time for any GM employee.

The government is loathe to prosecute their own.

[b4its2late]

Government Motors at its' best!

[upchuck]

Earlier article on the ignition switch flaw:

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

[Slyfox]

900 million that will go directly to Iran. Lovely.

[livius]

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.

[Seruzawa]

How’s that union ownership working out, GM?

[SMM48]

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

[Lionheartusa1]

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 .

[cicero2k]

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.

[upchuck]

The amount of the settlement is appropriate.

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

[mykroar]

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

[aimhigh]

Follow the money.

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

[blueunicorn6]

Part of THE BIG DEMOCRAT PARTY MONEY LAUNDERING MACHINE!

[cicero2k]

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.