General Motors credit arm settles racial lawsuit

Newswire

By Michael Ellis

DETROIT, Feb 10 (Reuters) - The credit arm of U.S. automaker General Motors Corp. reached an out of court settlement on Tuesday in a racial bias lawsuit that said it charged blacks more than whites for car loans.

The class-action lawsuit, which had been scheduled to go to trial this month, alleged that black car buyers collectively paid millions of dollars more ...

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