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GM fund to pay millions to victims of faulty ignition switches
GM fund to pay millions to victims of faulty ignition switches

General Motors Co. will pay millions of dollars to victims in crashes caused by faulty ignition switches, the automaker's latest effort to move quickly past a mounting auto safety scandal. The program, outlined Monday by Kenneth Feinberg, a victims' compensation consultant hired by GM, would offer payments ranging from a few thousand to several million dollars to crash victims or their heirs. For example, Feinberg said, a paralyzed 10-year-old child might receive $7.8 million based on lost future earnings, while a parent with two children might get $4 million after losing a spouse who earned $46,400 a year. Victims or their heirs would have to give up the right to sue GM in...

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