NHTSA opens probe into nearly 1 million GM pickups, SUVs over engine failure concerns

NHTSA opened a probe into 997,743 General Motors pickup trucks and SUVs for suspected engine failure issues. The action raises product-safety and potential recall/regulatory cost risks for GM, with likely modest downside pressure on sentiment absent further findings.

Analysis

NHTSA opened a probe into 997,743 General Motors pickup trucks and SUVs for suspected engine failure issues. The action raises product-safety and potential recall/regulatory cost risks for GM, with likely modest downside pressure on sentiment absent further findings.