GM Plan for Crash Victims to Be Unveiled by Compensation Guru

When compensation expert Kenneth Feinberg announces the details on Monday of GM's plan to pay victims of crashes caused by faulty ignition switches, at least one part of the recall puzzle will be in place. The fund, to be administered independently by Feinberg, who handled the compensation for victims of the Sept. 11 attacks, still leaves GM facing a plethora of possible criminal probes by lawmakers and regulators. They want to know what GM knew and when and why it took GM so long to recall the vehicles. The payouts could end up costing the automaker millions, or even billions of dollars. It has $27 billion in it coffers now. GM has said the faulty switches, which can cause the engines to stall and shut off power to steering and brakes, were responsible for more than 13 deaths. The automaker recalled 2.6 million older model vehicles earlier this year related to the ignition switches.

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For Subscribers

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

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FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

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FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

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FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

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IN-DEPTH

• Email Shows GM Exec Was Informed of Ignition Defect in 2005
• Some Ignition Switches in Recalled Cars Made in China, GM Says

-- The Associated Press and NBC News staff