GM Reveals U.S. Probe Into Nearly 1 Mln Vehicles After Recall Fixes Fail
(RTTNews) - General Motors Co. (GM) said on Friday that the U.S. regulators have launched an engineering analysis into about 997,743 of its vehicles after reports of engine failure even following recall remedies.
(RTTNews) - General Motors Co. (GM) said on Friday that the U.S. regulators have launched an engineering analysis into about 997,743 of its vehicles after reports of engine failure even following recall remedies.
BELLINGS Intelligence Score: 12
Why it matters
This is a regulatory investigation into a large vehicle recall by GM, which is notable for the size of the affected fleet but does not directly impact credit markets or financial conditions for sophisticated credit professionals.
Sources
Nasdaq
GM Reveals U.S. Probe Into Nearly 1 Mln Vehicles After Recall Fixes Fail
(RTTNews) - General Motors Co. (GM) said on Friday that the U.S. regulators have launched an engineering analysis into about 997,743 of its vehicles after reports of engine failure even following recall remedies.