Settlement In Ignition Lock Class Action Lawsuit - $120 Million In Damages Awarded

We have talked about the Ignition Lock Debacle, a few times over the last few years and the subject has sparked much discussion across industry and wider forums online, offline and through the media.

An article (in the source below) we were recently alerted to, explains that last Friday a settlement was reached between GM and 49 states attorneys-general (Arizona was the only state to not join the action).

The class-action suit brought by nearly all states was filed in reaction to GM's 2014 recall of nearly 9 million vehicles that had trouble with their ignition switches.

The lawsuit alleged that GM and high-level employees knew about the problem as early as 2004, but waited many years to recall it's vehicles, all the while marketing their vehicles as safe and reliable.

The $120 Miliion dollar settlement, apparently ends this case.

(source...)

According to the article, GM agreed to several terms:

• Not represent that a motor vehicle is “safe” unless they have complied with the Federal Motor Vehicle Safety standards applicable to the motor vehicle at issue.
• Not represent that certified pre-owned vehicles that GM advertises are safe, have been repaired for safety issues, or have been subject to rigorous inspection, unless such vehicles are not subject to any open recalls relating to safety or have been repaired pursuant to such a recall.
• Instruct its dealers that all applicable recall repairs must be completed before any GM motor vehicle sold in the U.S. and included in a recall is eligible for certification and, if there is a recall on any certified pre-owned vehicle sold in the U.S., the required repair must be completed before the vehicle is delivered to a customer.