Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

GM To Announce Compensation Plan For Faulty Ignition Switches

DAVID GREENE, HOST:

We begin NPR's Business News with compensation from GM. Today, we're expecting General Motors to announce a plan to compensate victims of accidents caused by faulty ignition switches. GM says the switches were responsible for at least 13 deaths and 54 crashes. CEO Mary Barra has said that there will be no cap on payments. She says she's giving Kenneth Feinberg, who administered the government's $7 billion fund for 9/11 victims, complete independence in administering payouts. Feinberg is scheduled to release details of the eligibility and scope of the compensation program later today. Transcript provided by NPR, Copyright NPR.

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.