Federal prosecutors are said to have settled with G.M. over deadly defect
Wednesday, September 16, 2015 7:34 PM EDT
Federal prosecutors are poised to announce the settlement of a criminal case on Thursday against General Motors, charging it with failing to disclose a safety defect tied to more than 100 deaths. The move would cap a wide-ranging investigation that tainted the automaker’s reputation for quality and safety and damaged its bottom line.
The case, which the company agreed to settle, is expected to include a nearly $1 billion penalty and an admission of facts surrounding the company’s wrongdoing, according to people briefed on the matter.
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NYTimes.com