Tag: Switch

GM ignition switch settlement with vehicle owners wins U.S. court approval

FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio

NEW YORK (Reuters) – General Motors Co on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value.

U.S. District Judge Jesse Furman in Manhattan granted approval at a hearing conducted by phone.

The accord would resolve the last major piece of litigation over GM ignition switches linked to vehicle stalls and air bags that failed to deploy, as well as 124 deaths.

Final approval is still required, after owners are notified of their rights.

Since 2014, the defect has led GM to recall more than 2.6 million Buick, Cadillac, Chevrolet, GMC, Oldsmobile, Pontiac and Saturn vehicles, dating back more than a decade.

The Detroit-based automaker has also paid more than $2.6 billion

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Automotive Electric Seat Switch Market Size 2020 : Top Countries Data, Defination, Business Opportunity, SWOT Analysis, Applications, Trends and Forecast to 2026

Apr 10, 2020 (The Expresswire) —
Global “Automotive Electric Seat Switch Market” 2020 Research Report provides key analysis on the market status of the Automotive Electric Seat Switch manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe. The Report also calculate the market size, Automotive Electric Seat Switch Sales, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate. The report considers the revenue generated from the sales of This Report and technologies by various application segments.

The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report

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