Monday, Jul 25, 2016
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Automotive

BUSINESS BRIEF

Lawsuits against GM consolidated by panel

A federal judicial panel consolidated lawsuits against General Motors Co. over the reduced economic value of ignition-switch defect vehicles into one court, streamlining the process of determining whether the automaker is liable for damages.

The move expedites the consideration of lawsuits filed by owners of Chevrolet Cobalt and Saturn Ion vehicles who claim that their cars are worth less because GM failed to fix an ignition switch defect for more than a decade.

GM is expected to fight the economic loss lawsuits.

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