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GM to start taking recall compensation claims August 1

General Motors is set to begin processing compensation claims from victims of poorly designed ignitions linked to 13 deaths, GM chief executive Mary Barra saidGeneral Motors is set to begin processing compensation claims from victims of poorly designed ignitions linked to 13 deaths, GM chief executive Mary Barra said Tuesday. Barra, who returns to Congress on Wednesday for another grilling on the faulty ignition recall scandal, said in prepared testimony the US automaker was making swift progress in setting up the compensation fund. Attorney Kenneth Feinberg, the disaster response expert in charge of establishing the fund, was expected to provide the criteria for victims and compensations levels by the end of June, she said. “We also expect to begin processing claims by August 1,” Barra said in testimony to be delivered to the House of Representatives oversight panel.

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