GM Settles Ignition-Switch Lawsuits

September 17, 2015 2:20 PM

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GM Settles Ignition-Switch Lawsuits

Auto maker expects to take a $575 million charge in the third quarter as a result

General Motors Co. GM 0.91 % settled nearly 1,400 lawsuits tied to a defective ignition switch and other recalls, as the auto maker looks to move past the safety lapse on multiple fronts.

Also read: GM Laying Off About 1,000 Workers Amid Downturn in Passenger-Car Sales

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