Market News AIOpen the app

General Motors will pay $220 million to settle claims it sold drivers' data to insurance companies.

RulesRead the original at Benzinga
Bad for GM

The $220 million settlement adds to earlier federal restrictions and a separate California settlement, and requires stronger consent and privacy checks. GM says it had already improved privacy, and the deal does not establish court liability, but the payment and added limits weigh against the company.

GM · General Motors Co.

AI read · Bad for GM

The AI's read

The payment and new privacy checks add costs and limit how GM can use connected-car information. States said the tracking ran from 2016 to 2024, and some people were enrolled without consent. GM says privacy improvements were already underway, and the deal does not establish that a court found it liable. Still, the payment and added limits, along with earlier federal restrictions and a separate California settlement, weigh against GM.

Get alerts for GM

Follow General Motors Co. (GM) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for GM
Free on the App Store and Google Play, or on the web.