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Anchored by Jake Tapper, The Lead airs at 4 p.m. ET on CNN.

Anchored by Jake Tapper, The Lead airs at 4 p.m. ET on CNN.

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May 16th, 2014
05:24 PM ET

GM to pay $35 million over delayed recall, but victims won't see a penny

New York (CNNMoney) – General Motors agreed to pay a $35 million fine to settle a federal probe into the 10-year delay of its ignition switch recall, federal safety regulators announced Friday.

GM had already admitted that its employees knew of problems with the ignition switch as early as 2004. The flaw caused some cars to shut off while driving, disabling airbags, anti-lock brakes and power steering. It has been tied to at least 13 deaths. But GM (GM,Fortune 500) did not start recalling the 2.6 million cars with the ignition problems until this February.

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