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General Motors settles with California for $5.75M

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SACRAMENTO, Calif. – General Motors Co. has agreed to a $5.75 million settlement with California regarding false statements the company made to investors about problems with its deadly ignition switches, state officials announced Friday.

The faulty ignition switches led to at least 124 fatalities and 274 injuries nationwide. The defect also resulted in the recall of more than nine million vehicles in 2014 — one of the biggest recalls in the nation's history — from the largest U.S.

automaker because the switches sometimes caused the sudden termination of electrical systems, including power steering and power brakes.

In 2015, GM agreed to pay a $900 million settlement to end a U.S. Department of Justice criminal probe, as well as $1 million

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