GM Nearing Criminal Settlement Over Ignition Switch
- Automaker to enter deferred prosecution deal with U.S.
- Agreement may ease questions of what Barra, executives knew
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General Motor Co. is set to settle a criminal probe by the U.S. Justice Department for $900 million over the ignition switch flaw that has bogged down Chief Executive Officer Mary Barra in recalls and investigations since almost Day 1 of her tenure, according to a person with knowledge of the deal.
The accord will be part of a deferred prosecution agreement, people familiar with the matter said, asking not to be identified because the discussions are private. The agreement, which may be announced as early as Thursday, will allow the U.S. to monitor the automaker for three years, according to one of the people.