Prosecutors Said to Be Near a Criminal Settlement With G.M

September 16, 2015 11:28 PM

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Prosecutors Said to Be Near a Criminal Settlement With G.M

Federal prosecutors are poised to settle a criminal investigation into General Motors, according to people briefed on the matter, accusing the automaker of failing to disclose a safety defect tied to at least 124 deaths. The case, which the prosecutors plan to release on Thursday, would cap a wide-ranging investigation that tainted the automaker’s reputation for quality and safety and damaged its bottom line.

The case is not expected to include charges against individual G.M. executives, but it will impose a penalty of nearly $1 billion on G.M. and an admission of facts surrounding the wrongdoing, according to people briefed on the matter who spoke on the condition of anonymity. One of the people said th...

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