Jump to content
  • Greetings Guest!

    CheersandGears.com was founded in 2001 and is one of the oldest continuously operating automotive forums out there.  Come see why we have users who visit nearly every day for the past 16+ years. Signup is fast and free, or you can opt for a premium subscription to view the site ad-free.

  • William Maley
    William Maley
    Sign in to follow this  

    General Motors Details The Compensation Fund For Victims Of Ignition Switch

      The Details Are Out On The Compensation Fund For Victims Of The Ignition Switch Recall

    This morning, General Motors and Kenneth Feinberg have announced the details for the long awaited ignition switch recall compensation fund.

    The fund will be open to family members of anyone that was killed or injured due to ignition switch failure. That will include passengers, pedestrians, and other motorists that were killed or seriously injured because of the ignition switch. Victims will be able to begin the process starting on August 1st. Applications are due by December 31st. Feinberg says that claims will take around 90 to 180 days.

    As for how much GM will be paying out, that is completely up in the air. Feinberg has said that he isn't going to try and estimate how much will paid due to how many variables there are. GM hasn't placed a cap on how much money will be paid out by the fund, which leads some attorneys to think the company could be paying out billions of dollars.

    “GM understands. GM wants to do the right thing — and the right thing is paying people who can document their claims, and that’s a challenge. I would not dare estimate how many deaths or how many injuries until people file their claim and we evaluate the claim,” said Feinberg.

    However, victims who apply will have to prove their accident was the cause of the ignition switch. Also if you apply for the fund, you lose your right to sue GM at a later date.

    Source: Associated Press, The Detroit News

    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

    Sign in to follow this  

    User Feedback

    Recommended Comments

    Your content will need to be approved by a moderator

    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing

    No registered users viewing this page.

  • Today's Birthdays

    1. occupant
      (40 years old)
  • Who's Online (See full list)

    There are no registered users currently online

  • My Clubs

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets



Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.