Federal prosecutors and General Motors could reach a settlement as early as Thursday over the company's handling of a defective ignition switch linked to the deaths of more than 100 people, The Wall Street Journal reports.
The defect was disclosed in 2014, and more than 26 million vehicles were recalled that year due to safety issues. Sources familiar with the deal told The Wall Street Journal the automaker is expected to be charged with criminal wire fraud for allegedly making deceptive statements and hiding information about the faulty switch despite signs of problems. The deal will reportedly include a fine of about $900 million. Two sources said it's unlikely that individual GM employees will be charged, and prosecutors will probably unveil information on a large compensation fund set up by the company for victims.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Democrats: How to rebuild a damaged brandFeature Trump's approval rating is sinking, but so is the Democratic brand
-
Unraveling autismFeature RFK Jr. has vowed to find the root cause of the 'autism epidemic' in months. Scientists have doubts.
-
'Two dolls': Can Trump sell Americans on austerity?Feature Trump's tariffs may be threatening holiday shelves but they've handed Democrats a 'huge gift'
-
ABC News to pay $15M in Trump defamation suitSpeed Read The lawsuit stemmed from George Stephanopoulos' on-air assertion that Trump was found liable for raping writer E. Jean Carroll
-
Judge blocks Louisiana 10 Commandments lawSpeed Read U.S. District Judge John deGravelles ruled that a law ordering schools to display the Ten Commandments in classrooms was unconstitutional
-
ATF finalizes rule to close 'gun show loophole'Speed Read Biden moves to expand background checks for gun buyers
-
Hong Kong passes tough new security lawSpeed Read It will allow the government to further suppress all forms of dissent
-
France enshrines abortion rights in constitutionspeed read It became the first country to make abortion a constitutional right
-
Texas executes man despite contested evidenceSpeed Read Texas rejected calls for a rehearing of Ivan Cantu's case amid recanted testimony and allegations of suppressed exculpatory evidence
-
Supreme Court wary of state social media regulationsSpeed Read A majority of justices appeared skeptical that Texas and Florida were lawfully protecting the free speech rights of users
-
Greece legalizes same-sex marriageSpeed Read Greece becomes the first Orthodox Christian country to enshrine marriage equality in law
