General Motors Statement in Response to NHTSA Denying GM's Petitions Requesting NHTSA Exclude Certain GM Trucks and SUVs from the Takata Airbag-Inflator Recalls

Rhea-AI Summary

General Motors (NYSE:GM) announced its compliance with NHTSA's directive to replace airbag inflators in certain vehicles, despite believing a recall is unwarranted. The company disagrees with NHTSA's assessment based on extensive independent scientific evaluation over the years. GM prioritizes the safety and trust of its customers, ensuring that measures are taken to uphold these values while adhering to regulatory requirements.

Positive

• Commitment to customer safety and trust emphasized.
• Compliance with NHTSA's directive indicates a proactive approach to regulatory matters.

Negative

• Disagreement with NHTSA may raise concerns about potential future regulatory issues.
• Costs associated with the airbag inflator replacements could impact financial performance.

DETROIT, Nov. 23, 2020 /PRNewswire/ -- The safety and trust of those who drive our vehicles is at the forefront of everything we do at General Motors. Although we believe a recall of these vehicles is not warranted based on the factual and scientific record, NHTSA has directed that we replace the airbag inflators in the vehicles in question. Based on data generated through independent scientific evaluation conducted over several years, we disagree with NHTSA's position.  However, we will abide by NHTSA's decision and begin taking the necessary steps.

General Motors (NYSE:GM) is a global company committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Holden, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.

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SOURCE General Motors Co.

FAQ

What is the recent NHTSA directive regarding GM vehicles?

The NHTSA has directed General Motors to replace airbag inflators in certain vehicles, despite GM's belief that a recall is not warranted.

What is GM's stance on the NHTSA's decision?

General Motors disagrees with the NHTSA's position, citing extensive independent scientific evaluations.

How does GM prioritize safety?

GM emphasizes the safety and trust of its customers as a core value, complying with regulatory requirements to ensure vehicle safety.

When was GM's statement regarding NHTSA released?

The statement was released on Nov. 23, 2020.