GM Launches Compensation Program For Ignition Switch Victims

General Motors said today it's launching a compensation program for victims who have been harmed by those faulty ignition switches that prompted a recall of more than 2.5 million vehicles.

The program will be run by Kenneth Feinberg, who's done similar work for victims of the BP oil spill, the Boston Marathon bombings and other disasters.

GM CEO Mary Barra spoke to the company's staff today in Michigan, just as a report was released on why it took the company 10 years to recall those vehicles.

The report was paid for by GM and authored by former U.S. Attorney Anton Valukas.

The company says the faulty ignition switches caused at least 13 deaths, but attorneys who are suing GM say at least 60 people died.