The fallout from GM's ignition switch recall continues as the company has received a $900 (€795) million fine from the United States government.

The fallout from GM's ignition switch recall continues as the company has received a $900 (€795) million fine from the United States government.

As part of a deal struck with the U.S. Attorney’s Office for the Southern District of New York, the government will defer the prosecution of charges against GM for three years and will eventually dismiss the charges with prejudice if GM satisfies all the terms of the agreement.

Speaking of the latter, the agreement states that the company will work with the federal government to "establish an independent monitor to review and assess the company’s policies and procedures in certain discrete areas relating to safety issues and recalls."  General Motors will also be forced to pay a $900 (€795) million fine for their handling of the issue.

In a statement, GM CEO Mary Barra said “The mistakes that led to the ignition switch recall should never have happened. We have apologized and we do so again today."  The executive went on to say "We have faced our issues with a clear determination to do the right thing both for the short term and the long term. I believe that our response has been unprecedented in terms of candor, cooperation, transparency and compassion.”

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