Foxx: GM to Pay Record $35 Million Fine on Recall

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May 16 (Bloomberg) -- U.S. Transportation Secretary Anthony Foxx says General Motors Co. will pay a record $35 million fine as part of the government’s investigation into how it handled the recall of 2.59 million small cars over faulty ignition switches. Foxx speaks at a news conference in Washington. (This is an excerpt. Source: Bloomberg)

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