GM finds Valukas probe 'deeply troubling,' promises compensation

Investigation allegedly finds no evidence of cover-up.

General Motors has completed its internal investigation into the ignition-switch fiasco. The findings have been broadly outlined alongside a promise to implement a compensation program for victims.

Headed by former US Attorney Anton Valukas and commissioned by the automaker, the probe allegedly found that the "Cobalt saga" was "riddled with failures which led to tragic results for many," according to a statement issued by CEO Mary Barra.

The company suggests 15 employees were determined to have "acted inappropriately" and were ousted, while disciplinary actions were taken against five others.

"The Board engaged Anton Valukas to investigate and determine what went wrong while already working with GM's leadership to make necessary changes," said GM Chairman Tim Solso. "The Board, like management, is committed to changing the company's culture and processes to ensure that the problems described in the Valukas report never happen again."

The Valukas report is said to confirm that Mary Barra, Mike Millikin and Mark Reuss did not learn about the switch issue until after the recall decision was made on January 31, 2014.

"If we think that cleaning up this problem and making a few process changes will be enough, we are badly mistaken," Barra told employees.

GM has promised to release the report, however the initial announcement lacks any specific details surrounding the findings.

The company also formally announced a compensation program for victims and families that have been affected by accidents that have been associated with ignition-switch failure. The fund will be administered by Kenneth Feinberg, an attorney that specializes in managing compensation campaigns.

GM expects to begin accepting claims on August 1, pending Feinberg's finalized guidelines for administering the program.

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