GM extends ignition compensation deadline to Jan. 31

The administrator of the General Motors ignition switch compensation program said late Sunday the fund would extend the deadline for submitting claims until Jan. 31, 2015, because the Detroit automaker is sending notices to 850,000 owners this week.

"We agreed with Ken Feinberg's recommendation to extend the compensation program deadline. Our goal with the program has been to reach every eligible person impacted," GM spokesman Jim Cain said late Sunday.

According to the Detroit News, GM already has sent notices to 4.5 million people.

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