Deconstructing GM's Ignition Compensation Protocol

Please welcome Jim Yu to TTAC. Jim is an attorney, a contributor to Hooniverse and the author of the highly recommended “ Tamerlane’s Thoughts“. Jim is also the owner of a manual wagon.

In the face of GM’s ignition debacle, the General hired noted mass torts expert Kenneth Feinberg to set up and execute a compensation scheme for injury victims and families who have lost loved ones. So, is it fair?

First, a little bit of background on Feinberg. I do not know him personally, but I took a semester-long course with him in the late ‘90s. He is extremely sharp and engaging. Moreover, his compassion for victims is always tempered by his calculated pragmatism.

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  • Jalop1991 Way to bury the lead. "Toyota to offer two EVs in the states"!
  • Jalop1991 I'm sorry, Dave. I'm afraid I can't do that.
  • Jalop1991 We need a game of track/lease/used/new.
  • Ravenuer This....by far, my most favorite Cadillac, ever.
  • Jkross22 Their bet to just buy an existing platform from GM rather than build it from the ground up seems like a smart move. Building an infrastructure for EVs at this point doesn't seem like a wise choice. Perhaps they'll slow walk the development hoping that the tides change over the next 5 years. They'll probably need a longer time horizon than that.