General Motors and the Department of Justice (DOJ) reached a settlement last week over the handling of GM’s ignition switch problems which led to the high profile recall of certain Chevrolet Cobalt, Pontiac G-6 and Saturn ion lines in 2014. The agreement ends the government investigation into how GM handled faulty ignition switches being blamed for approximately 250 injuries and 124 deaths. In addition to a $900 million fine, GM has been assigned an independent monitor to review its safety policies.
Officially, the automaker was charged with hiding the defect from regulators and defrauding consumers. There will be no individual charges in the case, and the agreement must still be finalized by the courts.