NHTSA Closes Engineering Analysis Into 1,339,355 General Motors Vehicles Over Outboard Front Seat Belt Anchor Cable Failure
Portfolio Pulse from Benzinga Newsdesk
The National Highway Traffic Safety Administration (NHTSA) has concluded its engineering analysis into 1,339,355 General Motors vehicles regarding a potential failure of the outboard front seat belt anchor cable. This closure indicates that no further action will be taken by the NHTSA on this matter.
September 04, 2024 | 9:44 am
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NHTSA has closed its investigation into over 1.3 million GM vehicles concerning a seat belt cable issue, indicating no further regulatory action.
The closure of the NHTSA investigation without further action is positive for GM as it removes a potential regulatory and financial burden. This could lead to a short-term positive impact on GM's stock price as investor concerns over potential recalls or fines are alleviated.
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