GM said to settle criminal case over ignition switches

September 17, 2015 4:06 AM

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GM said to settle criminal case over ignition switches

NEW YORK (AP) — Federal prosecutors are set to announce a settlement with General Motors that resolves a criminal investigation into how the Detroit automaker concealed a deadly problem with small-car ignition switches, according to three people briefed on the case.

Under the deal, GM will pay a fine of around $900 million in a deferred prosecution agreement on a wire fraud charge. That means any charges would be dismissed if GM complies with oversight and other terms for three years, said one of the people. All of the people asked not to be identified because ...

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