GM pays $900 million to US government to prevent charges

GM pays $900 million to US government to prevent charges

Postby exploited » Thu Sep 17, 2015 4:29 pm

http://www.cbc.ca/news/business/gm-agre ... -1.3231785

General Motors admitted it failed to disclose to the public a deadly problem with small-car ignition switches as part of a $900 million deal reached with U.S. federal authorities to avoid criminal charges, authorities announced Thursday.

The automaker will retain an independent monitor to review and assess its policies to ensure compliance with the agreement with the government, according to court papers released by U.S. Attorney Preet Bharara in Manhattan.

The deal does not have any application in Canada, though there are Canadian deaths linked to the GM ignition switch fault.

"The agreement reached is part of the U.S. legal system, applies to GM USA, and falls outside of Canadian legal purview," a Transport Canada spokeswoman said in an email.

Besides the $900 million forfeiture and the monitor, the deal calls for two criminal charges to be dismissed if the company complies with terms of the agreement for three years. The $900 million must be paid by Sept. 24.

The two-count criminal information accuses GM of wire fraud and scheming to conceal material facts from a government regulator.

Last year, GM recalled 2.6 million older small cars worldwide to replace the faulty switches. Those included the Chevrolet Cobalt and Saturn Ion.

The faulty switches can unexpectedly slip out of the run position to off or accessory. That shuts off the engine and disables power-assisted steering, power brakes and the air bags.

The problem caused crashes that killed at least 124 people and injured 275 more, according to lawyers in charge of a fund set up by GM to compensate victims. Families of those who died will get at least $1 million. GM has set aside $625 million to compensate people who accept a settlement with the fund. GM also faces multiple lawsuits related to the problem.

...


I don't think this is good enough. They deliberately and knowingly engaged in behaviour that resulted in the deaths of over a hundred people. Instead of avoiding charges and paying a fine, they ought to have been charged AND pay that fine. I think that being able to buy yourself out of serious criminal and civil trouble is a practice that has gone too far in general in the West.
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Re: GM pays $900 million to US government to prevent charges

Postby lnrw » Thu Sep 17, 2015 5:09 pm

It isn't good enough. They admitted guilt but government decided a bribe would be acceptable.

I say, let the victim's survivors have a 10 minute go at the guilty and let them pay a suitable bribe. Say $10 for littering.
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Re: GM pays $900 million to US government to prevent charges

Postby Kane » Thu Oct 29, 2015 2:01 pm

exploited wrote:http://www.cbc.ca/news/business/gm-agrees-to-pay-900m-us-to-settle-ignition-switch-probe-1.3231785

General Motors admitted it failed to disclose to the public a deadly problem with small-car ignition switches as part of a $900 million deal reached with U.S. federal authorities to avoid criminal charges, authorities announced Thursday.

The automaker will retain an independent monitor to review and assess its policies to ensure compliance with the agreement with the government, according to court papers released by U.S. Attorney Preet Bharara in Manhattan.

The deal does not have any application in Canada, though there are Canadian deaths linked to the GM ignition switch fault.

"The agreement reached is part of the U.S. legal system, applies to GM USA, and falls outside of Canadian legal purview," a Transport Canada spokeswoman said in an email.

Besides the $900 million forfeiture and the monitor, the deal calls for two criminal charges to be dismissed if the company complies with terms of the agreement for three years. The $900 million must be paid by Sept. 24.

The two-count criminal information accuses GM of wire fraud and scheming to conceal material facts from a government regulator.

Last year, GM recalled 2.6 million older small cars worldwide to replace the faulty switches. Those included the Chevrolet Cobalt and Saturn Ion.

The faulty switches can unexpectedly slip out of the run position to off or accessory. That shuts off the engine and disables power-assisted steering, power brakes and the air bags.

The problem caused crashes that killed at least 124 people and injured 275 more, according to lawyers in charge of a fund set up by GM to compensate victims. Families of those who died will get at least $1 million. GM has set aside $625 million to compensate people who accept a settlement with the fund. GM also faces multiple lawsuits related to the problem.

...


I don't think this is good enough. They deliberately and knowingly engaged in behaviour that resulted in the deaths of over a hundred people. Instead of avoiding charges and paying a fine, they ought to have been charged AND pay that fine. I think that being able to buy yourself out of serious criminal and civil trouble is a practice that has gone too far in general in the West.


Corporate personhood son. Plus, any criminal charges would take years upon years in court.
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Re: GM pays $900 million to US government to prevent charges

Postby Saz » Thu Oct 29, 2015 4:58 pm

Well it would be silly to undermine the company you spent billions keeping afloat. That's what happens when you nationalise private industry shitlibs
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Re: GM pays $900 million to US government to prevent charges

Postby Inzomniac » Wed Nov 11, 2015 3:55 am

The law is no problem if you have enough money (and that fact SHOULD trouble moral people). But there is not enough money in existence to solve the problems that ail us. The world is going down the drain. And the epitaph on the tombstone will read, "Cause of Death: Greed and Stupidity". And that's true whether you do such yourself or support it being done indirectly.
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Re: GM pays $900 million to US government to prevent charges

Postby Dylan » Wed Nov 11, 2015 8:06 am

At pretty much every stage in history there's been some variation of thought like that. I disagree. I think on a broad timeline the world (i.e., quality of life for the most humans in most ways) is getting better and better.
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Re: GM pays $900 million to US government to prevent charges

Postby Inzomniac » Wed Nov 11, 2015 11:44 am

Dylan wrote:At pretty much every stage in history there's been some variation of thought like that. I disagree. I think on a broad timeline the world (i.e., quality of life for the most humans in most ways) is getting better and better.

Of what use is quality without meaning and dignity? The first step in the right direction would be to stop buying from countries like China where work is done on factory farms.
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Re: GM pays $900 million to US government to prevent charges

Postby Dylan » Wed Nov 11, 2015 11:53 am

Why?
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Re: GM pays $900 million to US government to prevent charges

Postby Inzomniac » Wed Nov 11, 2015 1:02 pm

Dylan wrote:Why?

In America, you can own a gun. In China, it's dangerous to even own an opinion.

The Chinese people must fight for their freedom or they will remain oppressed slaves.

Until then, the sociopathic corporatists will continue to exploit her people all they can.
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Re: GM pays $900 million to US government to prevent charges

Postby uebermann » Wed Nov 11, 2015 1:38 pm

Inzomniac wrote:In China, it's dangerous to even own an opinion.


Eh, China isn't that bad any more. Granted, there still is oppression going on but we have that going on here in the good ole USA as well so I don't think the US can claim a huge moral high ground on the topic of libery/freedom.

Maybe in years past but not now.
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