GM says facing multiple probes into recent recalls
Source: Faux News
By Sarah N. Lynch
WASHINGTON – General Motors revealed on Thursday it is the subject of five different government probes related to its massive recalls, including two previously unreported investigations by the U.S. Securities and Exchange Commission and a state prosecutor.
GM disclosed the probes in a regulatory filing after reporting earlier in the day that first-quarter profit tumbled 88 percent due to the recall.
The five government investigations are from the U.S. Attorney's Office for the Southern District of New York, the SEC, the National Highway Traffic Safety Administration (NHTSA), a state attorney general, and Congress.
GM did not specify which state attorney general is involved.
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Read more: http://www.foxbusiness.com/economy-policy/2014/04/24/gm-says-facing-multiple-probes-into-recent-recalls/
