Jeff Green, Bloomberg Businessweek, March 28, 2014
General Motors Co. will probably create a fund of as much as $3 billion to pay claims associated with an ignition-switch flaw the automaker said is linked to the deaths of 12 people, a Barclays analyst wrote this week. GM will probably create the fund even though the automaker is shielded, under its July 2009 U.S.-backed bankruptcy reorganization, from liabilities of the old GM, which sold the cars. Davia Temin is quoted on GM’s latest response to the crisis. […read more]