Report: GM could be hit with $1B fine for ignition switch fiasco

NEW YORK (AP) – A federal official says a deal expected to be announced Thursday will resolve a criminal probe into how General Motors handled defective ignition switches.
The official spoke Wednesday on condition of anonymity because the official was not authorized to speak publicly. The official confirmed that the deal, first reported by the Wall Street Journal, would include a financial penalty of less than a billion dollars.
A U.S. Attorney Preet Bharara spokeswoman and General Motors