Toyota's Fines May Have Led To GM's Cooperation With DOJ
The New York Times reports the DOJ is negotiating a record settlement with GM, likely inspired by the stiff penalties we saw last year against Toyota.By Cliff Judy | May 23, 2015
The price will be steep and may even involve criminal charges, but it appears General Motors may be about to clear arguably the largest hurdle in its long-running ignition switch scandal.
The New York Times reports the Justice Department and GM are negotiating what's expected to be the largest ever penalty against an automaker, exceeding even Toyota's $1.2 billion settlement for concealing safety defects that led to fatal crashes. (Video via CBS)
The Times' sources say prosecutors also found criminal wrongdoing, so charges against former employees or even GM itself are also possible beyond the record fine.