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General Motors : Oklahoma to get $1.6 million settlement with GM

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10/21/2017 | 05:49pm CEST

OKLAHOMA CITY - Oklahoma is getting $1.6 million from a multistate settlement with General Motors Co. related to ignition switch defects in vehicles.

On Friday, Oklahoma Attorney General Mike Hunter announced the judgment was part of a $120 million settlement between GM and attorneys general of dozens of states.

Oklahoma's share is based on state population. The judgment will go toward "advanced training, fraud prevention and enforcement of consumer protection laws," the AG's office reported.

A multistate investigation began in 2014 after GM recalled several vehicle models in response to the issue, according to a news release. The defect could shut off the engine while driving, causing electrical problems, including air bag failure, according to the release.

Read the rest of the story at The Oklahoman. (Some stories require a subscription.)

© Copyright (c) 2017 Tulsa World. World Publishing Co., source Newspapers

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Financials ($)
Sales 2017 146 B
EBIT 2017 11 421 M
Net income 2017 8 654 M
Finance 2017 8 134 M
Yield 2017 3,35%
P/E ratio 2017 7,74
P/E ratio 2018 7,87
EV / Sales 2017 0,40x
EV / Sales 2018 0,42x
Capitalization 66 463 M
Chart GENERAL MOTORS CORPORATION
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General Motors Corporation Technical Analysis Chart | GM | US37045V1008 | 4-Traders
Technical analysis trends GENERAL MOTORS CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 42,9 $
Spread / Average Target -6,0%
EPS Revisions
Managers
NameTitle
Mary Teresa Barra Chairman & Chief Executive Officer
Daniel Ammann President
Randall D. Mott Chief Information Officer & Senior Vice President
Patricia Fiorello Russo Independent Director
Carol M. Stephenson Independent Director
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