General Motors Stock (GM) Falls as U.S. Expands Probe into Vehicles over Engine Defects
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General Motors (GM) stock has fallen as the National Highway Traffic Safety Administration (NHTSA) expands its probe into 286,000 vehicles over engine defects, following over 1,000 reports of issues. This includes models like the Chevrolet Silverado 1500 and Cadillac Escalade, with concerns about engine bearing failures that could lead to crashes. Despite a recall of 721,000 vehicles earlier this year, the investigation continues, highlighting ongoing quality control challenges in the automotive industry. GM's stock has a Moderate Buy rating, with a price target suggesting a 6.36% growth potential.
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