(paul bica)Last month General Motors detailed its plan to compensate victims of crashes resulting from the long-ignored ignition defect, saying individual payouts could range anywhere from around $20,000 to the double-digit millions. Today, the car maker revealed how much it expects to pay in total when all this compensating is done. In its quarterly financials [PDF], GM reported that it’s estimating that all payouts will add up to around $400 million, but concedes that it could go as high as $600 million. The car company notes that these are just estimates and that there is no actual upper limit set for compensation payouts.

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