Announcements. 1  Youth Basketball Register for youth basketball through November 21. 2  FunCard Give the gift of fun with the Parks and Recreation FunCard. 3  Youth Basketball Register for youth basketball through November 21. 4  FunCard Give the gift of fun with the Parks and Recreation FunCard. Youth Basketball Register for youth basketball through November 21.
1 On average, an ignition switch can range anywhere from $95 to $400. 2  The price depends on the make of the car as well as the kind of service or repair that it needs. 3  As for parts alone, it can range anywhere from $15 to $85. The ignition switch is composed of two elements: the lock cylinder and electronic switch. 2  The switch regulars the flow of electricity from the battery to allow the engine to start. 3  It also helps regulate the flow of electricity to certain components in the car.
So, rather than go out and spend 57 cents per car, or a little over $1.48 million to fix all of its cars with the ignition switch problem, GM essentially performed a cost-benefit analysis, and found that fixing the vehicles, and saving American lives, wasn't worth losing that $1.48 million.