- General Motors' (NYSE:GM) victim compensation program received ~120 claims in its first eight days, more than half reported by families who say the victims were killed in accidents involving cars that were subject to the 2.6M-car recall.
- The early tally raises questions about whether GM has underestimated the number of deaths linked to the ignition switch defect, which the company knew about for more than a decade but didn't recall the cars to fix until February.
- The closing date to file isn't until the end of the year.
- Meanwhile, GM's safety problems persist, as it recalled 189K SUVs requiring fixes to power-window switches that can catch fire, as well as 201K Saturn VUEs to replace faulty ignition cylinders.
GM compensation program gets 65 death claims in first eight days
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