GM settles $1.2 billion lawsuit over car fire


DETROIT, July 25 (Reuters) - General Motors Corp. said on Friday it has agreed to settle a lawsuit stemming from a 1993 car fire that resulted in a $1.2 billion punitive damage award against the automaker. GM spokeswoman Brenda Rios declined to provide details of the settlement, including the amount that GM would pay. In July 1999, a California jury ordered GM to pay $4.9 billion to six people who were burned in 1993 when their 1979 Chevrolet Malibu exploded after being hit from behind ...

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