The Chevrolet Cobalt is one of several GM models that were recalled for faulty ignition switches. The carmaker is paying a $35 million penalty. David Zalubowski/AP hide caption

itoggle caption David Zalubowski/AP

Toyota has agreed to spend more than $1 billion to resolve lawsuits stemming from "unintended acceleration" cases. In November, the company displayed new cars at the Los Angeles Auto show. Kevork Djansezian/Getty Images hide caption

itoggle caption Kevork Djansezian/Getty Images