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General Motors Company
Symbol GMM
Shares Issued 1,609,734,204
Close 2014-10-22 U$ 31.22
Market Cap U$ 50,255,901,849
Recent Sedar Documents

Globe/DJ say GM, rivals hear Takata being investigated

2014-10-23 06:52 ET - In the News

The Globe and Mail reports in its Thursday, Oct. 23, edition that unnamed sources say United States federal prosecutors are investigating Takata in connection with defective airbags. A Dow Jones dispatch to The Globe reports that sources say the investigation is examining whether Takata made misleading statements about the safety of its air bags to U.S. regulators. Washington is now urging owners of nearly eight million cars and trucks to have the airbags repaired because of potential danger to drivers and passengers. The effort, however, is being complicated by confusing information and a malfunctioning website. The government's auto safety agency says that inflator mechanisms in the airbags can rupture, causing metal fragments to fly out when the bags are deployed. Safety advocates say at least four people have died from the problem, which they claim could affect more than 20 million cars across the U.S. On Wednesday, the National Highway Traffic Safety Administration added 3.1 million more vehicles to an initial warning covering 4.7 million cars and SUVs. The warning covers certain models made by BMW, Chrysler, Ford, General Motors, Toyota and others.

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