GM pays the price

GENERAL MOTORS has agreed to pay a fine of $A1.25b to avoid criminal proceedings into faulty ignition switches that are alleged to have led to the deaths of 124 people. An investigation found that General Motors knew about the fault for more than a decade before the company admitted the problem and began a recall of 2.3 million cars. As part of the settlement, GM has also been ordered to pay an additional $A802m to settle 1385 civil suits relating to the defect.