General Motors Rejects 91 Percent Of Total Ignition Switch Fund Claims - GM Authority (blog)
When everything was said and done, the fund approved just 399 of the 4,343 claims filed in total, rejecting 3,944 claims, meaning that 91 percent of the total claims were rejected. Camille Biros, Deputy Administrator of the fund, said that the claims were rejected because they “couldn’t support any connection to the ignition switch. In other instances, claimants filed paperwork for vehicles that weren’t part of the ignition switch recall, like older model year vehicles. And though the ignition switch fund has completed the review, the company still faces 181 lawsuits for wrongful death or injuries in the U. S. and Canada from those who chose not to enter their cases into the ignition switch fund. As such, the fire might soon be over, but GM still faces plenty of heat for the ignition switch debacle. Look for an uptick in, say, 2025. I recall a post not long ago on this site, basically saying the ripple effect of China would have minimal effect on GM. But then you read things like this:. “While the market may have got the message short-term, we believe the long-term risks to GM investors may be underestimated, overshadowing very strong performance in North America. Source: gmauthority.com
