Bad news for General Motors. 20 million of their vehicles has a potential exploding airbag problem.
General Motors $GM down 3% as it faces a potential costly recall affecting 20M vehicles due to airbag problems. The #NHTSA is pushing for these airbags, along with millions more, to be recalled due to safety concerns related to ARC Automotive inflators that can explode in… pic.twitter.com/AUAUl2f6Mj
— Alphanso (@Alphanso_AI) October 5, 2023
GM is run by this dumb woman who makes $30 million a year.
"You make almost $30 million. Why should your workers not get the same pay increases that you're getting leading the company?"
General Motors, $GM, CEO: "My compensation, 92% of it is based on performance of the company… When the company does well, everyone does well." pic.twitter.com/eC1SVkpTCp
— unusual_whales (@unusual_whales) September 30, 2023
Their Chief Technology Officer just quit after one month on the job.
NEWS: General Motors’ chief technology officer, Gil Golan, is leaving the job after just one month. https://t.co/7D3Lq4XVoH
— Sawyer Merritt (@SawyerMerritt) October 4, 2023
This company is in bad shape. On top of this airbag issue, they’ve been dealing with worker strikes.
It will be interesting to see if GM applies the formula and does a recall. If they do one, it will not be because they give a shit about their customer’s safety. It will be because the cost of the recall is less than the cost of potential lawsuits.
