GM Prepares to Pay Victims of Ignition Switch Recall

General Motors is prepared to shell out between $400 and $600 million to victims of a faulty ignition switch.

At least 13 deaths have been tied to the problem.

The automaker says families of those killed or injured can start filing for payments next month.

GM admits its employees knew of the defective switches a decade before recalling 2.6 million cars earlier this year.

The company has also set aside an additional $874 million to repair the record 30 million cars recalled this year.

For details on the ignition switch recall, head to GM’s website