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GM Canada announces compensation plan for ignition switch recall

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General Motors of Canada today announced a compensation program for Canadians who have lost loved ones or who have suffered serious physical injuries as the result of an ignition switch failure in recently recalled vehicles.

The manufacturer announced a similar program in the U.S.

“We are taking responsibility for what has happened by taking steps to treat these victims and their families with compassion, decency and fairness,” said GM CEO Mary Barra. “We made serious mistakes in the past and as a result we’re making significant changes in our company to ensure they never happen again.”

GM expects the program will begin to accept claims on August 1st, 2014. The program will be independently administered by Kenneth Feinberg, who has handled other significant compensation programs in the past.

Source : General Motors