The settlement would resolve claims by owners who said they suffered economic losses from buying vehicles they thought were defect-free, only to see the ignition switch problem hurt GM's brand, reputation and resale values.
Automakers might seem unlikely candidates to build ventilators for coronavirus victims. But in fact they may be quite well-suited to churn out the highly intricate medical devices that are in critically short supply.
The unprecedented stimulus package provides about $500 billion in loans and assistance for big companies and a separate pot of about $350 billion for small businesses loans. The auto industry did not seek a specific bailout.