When a motor vehicle company is sued for allegedly using faulty ignition switches, individual drivers and families may be left with significant financial burdens. 

As part of the GM ignition switch settlements, the company has agreed to pay out millions of dollars to victims. In order to ensure that these payments are made as quickly as possible, GM has established a compensation fund called the National Highway Traffic Safety Administration Victim Compensation Program. 

You can also navigate to this website for GM ignition lawsuits.

GM to pay $120 million to settle ignition switch case

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Under this program, individuals may receive up to $350,000 in total compensation for injuries they sustained as a result of the defective ignition switches. In addition, families of victims who die as a result of the defect may receive an additional $250,000. 

GM has also agreed to install new ignition switches in all vehicles sold in the United States. This will help prevent any further incidents from occurring and will make it easier for victims to receive compensation.

Why Are There Lawsuits Against GM?

General Motors is facing a slew of lawsuits in the wake of ignition switches that have been linked to deaths. The recalls are just the latest problems for GM, which has been struggling with layoffs, a weak product lineup, and allegations of bribery. Here's what to expect as the company tries to deal with the fallout from these lawsuits.

GM is facing a slew of lawsuits in the wake of ignition switches that have been linked to deaths. The recalls are just the latest problems for GM, which has been struggling with layoffs, a weak product lineup, and allegations of bribery. Here's what to expect as the company tries to deal with the fallout from these lawsuits.

The first step will be for GM to establish its culpability in the matter. In order to do this, it will need to determine if it knew about the potential issue and whether or not it did anything to address it. 

If GM can show that it didn't know about the issue and wasn't responsible for it, then it may be able to avoid litigation altogether. However, if GM can show that it did know about the issue and failed to take appropriate action, then it may face significant liability.