(WDET) General Motors Company announced it has signed a Deferred Prosecution Agreement with the U.S. Attorney’s Office for the Southern District of New York.
WDET’s Bre’Anna Tinsley reportsthe agreement means the government will delay prosecution of charges. GM has admitted that it knew about an ignition switch defect in millions of cars but failed to tell consumers for years. GM CEO Mary Barra says the agreement with the federal government is a tough one.
The comprehensive fact and the fact that we have a monitor. I will say that with all the aspects of the agreement we will cooperate fully, we will live up to the obligation we will comply with all laws and requirements and we will continue to fully cooperate with the government.
If the company meets all the terms of the agreement federal prosecutors will seek dismissal of all charges. The agreement also calls for the GM to pay a $900-million fine and be placed under the oversight of an independent monitor.
