General Motors to debut Ignition Switch Compensation Program

The faulty ignition switches in some of GM

GM now admits it knew of problems with the ignition switch as far back as 2001, but did not recall any cars until earlier this year.

WASHINGTON, DC (NBC) - On Monday, the nation will learn more about the General Motors Ignition Switch Compensation Program.

Ken Feinberg, who GM hired to run the program, will announce his proposal in Washington, DC Monday morning.

The Faulty ignition switches in some of General Motors' smaller cars are linked to at least 13 deaths.

GM now admits it knew of problems with the ignition switch as far back as 2001, but did not recall any cars until earlier this year.


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