The Justice Department says it has found criminal wrongdoing on the part of General Motors for its failure to publicize an ignition defect responsible for the deaths of at least 104 people.
Investigators are now negotiating what could be a record penalty for the automaker, the Times reports.
A settlement could be reached as soon as this summer.
The Times cites people familiar with the matter who say the fines GM may be ordered to pay could far exceed the more than $1 billion levied against Toyota for its handling of unintended acceleration defects last year.
The manner of misconduct to which GM will admit is among some of the terms being negotiated by the automaker and the Justice Department.
Some former employees of GM are also reportedly under investigation.
More to come…