TRENDING NOW - GM To Announce Victim Compensation Plan

TRENDING NOW - GM To Announce Victim Compensation Plan

At least 13 people have died and many more have been inured as a result of a defect in some General Motors cars. There was a faulty ignition switch that some GM employees first discovered in 2004 but the recall wasn't announced until this year. Well today is a big day for GM and the victims families; with GM set to offer a compensation plan and this morning, we have the very latest.

It is certainly a long-awaited announcement today. Today we expect to find out from WM who is eligible for compensation and how much they'll receive.

At issue: that some GM employees knew about the ignition switch problem back in 2004 but a recall wasn't announced until February of this year.

The problem can cause cars to shut off while driving, disabling the airbag and power steering. GM estimates that thirteen deaths can be tied to the faulty switch in millions of recalled cars.

The total payout is expected to be announced by GM today and could cost the company billions of dollars. It is also expected to announce who is eligible for the compensation. it's being offered as an alternative to victims or their families suing GM.

The ignition switch problem was one of the more high-profile recalls but GM has seen more than 20-million of its cars recalled this year for different problems.

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