GM fined $35 million for delay in recalling faulty ignition switches

The U.S. Government has issued the maximum fine of $35 million to General Motors for their delay in issuing a recall for faulty ignition switches which may have cost several lives.

The U.S. Transportation Department and the National Highway Traffic Safety Administration have been investigating GM's delayed recall of 2.6 million small cars due to faulty ignition switches. GM has acknowledged knowing about the problem for at least a decade but didn't recall the cars until earlier this year. The company says at least 13 people have died in crashes linked to the problem.

Information from the Associated Press was used in this report.