Investors of General Motors Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of General Motors Company (“General Motors,” “GM”) (NYSE: GM) breached their fiduciary duties to General Motors and its shareholders and whether investors of GM stock suffered damages as a result.
INVESTORS OF GM STOCK ARE ENCOURAGED TO CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C.
On October 5, 2023, the National Highway Traffic Safety Administration (“NHTSA”) held a public meeting “. . . regarding its initial decision that certain frontal driver and passenger air bag inflators manufactured by ARC and Delphi through January 2018 contain a defect related to motor vehicle safety and should be recalled.”
Reuters reported that officials of the NHTSA “. . . told a public hearing the government should require the recall of 52 million air bag inflators produced by auto suppliers ARC Automotive and Delphi Automotive because they may rupture and send metal fragments flying.”
Reuters also reported that “NHTSA enforcement official Cem Hatipoglu told the hearing that while the odds for a rupture may not be high, the consequences are ‘severe and potentially deadly.’ The air bag issue currently is linked to one U.S fatality and seven injuries, the agency said.”
According to Reuters, “[a] person briefed on the matter confirmed a Wall Street Journal report that GM has at least 20 million vehicles with the suspect parts. GM in May agreed to recall nearly 1 million vehicles with ARC air bag inflators after a rupture in March resulted in facial injuries to a driver.”