GM to Appoint Monitor, Pay $900M Fine Over Faulty Ignition Switches

September 17, 2015 7:36 PM

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General Motors agreed Thursday to pay the federal government $900 million and appoint an independent monitor to oversee safety issues in a settlement with the Justice Department over the carmaker's faulty ignition switches.

No criminal charges were filed against current or former GM employees or executives.

Also read: BMW recalling 136,000 US vehicles over fuel pump: regulators

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