Page 16 - Ignition Switch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Worse, general motors issuing another recall, this time more than 8 million cars worldwide. the company says most of the recalls are because of a defect with ignition switches. sound familiar? that's because it's the same problem the company failed to disclose for more than a decade. just yesterday gm offered to pay at least $1 million to each family who lost loved ones because of the problem. the latest cars recalleds have been linked to three deaths, seven crashes and eight injuries. in all gm recalled nearly 30 million cars this year. we bring in poppy harlow to tell us more. she's in new y...

After 9/11, he held hundreds of hearings with victims family members, so i think, you know, likely he's going to hold hearings again here to determine if these people are indeed counted. the difference is in the bp oil spill. you know who died enwho was inju injured as a result of the explosion. here it is legal fighting back and forth. did the ignition switch cause the crash or something else that caused the crash. ken feinberg it sounds like will be the one who has to determine that, that takes a while. he'll start accepting, though, claims from family members starting on august 1st. >> and,...

Sue gm. they have to weigh that. also, gm is not including in this contributory negligence. if someone was texting, speeding, intoxicated when the crash happened, gm -- fineburg is not looking at this in this. he's saying if the ignition switch was mainly at fault here, than they deserve compensation. they're going to get it. that's a really interesting caveat. >> my jaw just dropped hearing that sound bite from ken fineburg. because up until now, this has been -- this has created so much consternation for these victims. why wouldn't gm just come out and say it? it just seems crazy. this has b...

Pretty poor substitute. it's the limits of what we can do unfortunately. we can't bring people back. we can't restore limbs. it's the best we can do. >> poppy harlow has been following the story and joins me now. kenneth fineberg, of the 9/11 victims fund, bp oil spill. are these figures in line with what we were expecting? >> he gave examples. if someone's younger and they died, their potential earnings were much higher. if they were severely injured, a child, gave a range of $2.2 million to $7 million they could get. they have to prove the approximate cause is the ignition switch. gm said th...

Handling these claims unveiled the payout plan today. some key parts -- there is no limit to how much gm will pay, but the arbitrator -- not the company -- will decide how much each victim gets. it could range from thousands to millions of dollars in some cases. you know several people lost their lives as a result of these ignition switches. you've got the drivers, passengers, pedestrians, all of whom are able to file claims against gm in this. but to be compensated they must prove that the ignition switch caused the crash. and that might take a while. some of these claims will head for a to t...