DETROIT — The families of 52 people killed in crashes caused by faulty General Motors small-car ignition switches will receive millions in compensation from a company fund.
The new total was posted Monday on an Internet site by compensation expert Kenneth Feinberg.
Each death claim is worth at least $1 million under guidelines established by Feinberg, who was hired by GM to handle claims and make payments.
As of Friday, the fund received 4,237 claims for deaths and injuries. In addition to the death claims, Feinberg has deemed 79 injury claims eligible for compensation. The deadline for filing claims was Jan. 31, and another 57 claims arrived last week that were postmarked by the deadline.
GM was aware of faulty ignition switches on Chevrolet Cobalts and other small cars for more than a decade, but it didn’t recall them until 2014. On 2.6 million of them worldwide, the switches can slip out of the “on” position, causing the cars to stall, knocking out power steering and turning off the air bags.
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