WASHINGTON — Basic Motors agreed to a $5.75 million settlement to resolve allegations it made false statements to California’s largest pension system and different buyers over its lethal ignition swap scandal.
California Legal professional Basic Xavier Becerra mentioned the biggest U.S. automaker hid issues from buyers associated to defective ignition switches linked to 124 deaths and 275 accidents.
GM beforehand paid $900 million to settle a U.S. Justice Division felony investigation and $1 million to resolve a U.S. Securities and Alternate Fee accounting case tied to the ignition swap challenge.
GM mentioned it was “happy to have cooperated with the state of California to resolve this matter.”