The Wall Street Journal reported that NHTSA wants some 20 million GM vehicles recalled.
Shares of General Motors sank Thursday after The Wall Street Journal reported that the National Highway Traffic Safety Administration wants some 20 million GM vehicles recalled to replace potentially faulty air bag inflaters.
The number has grown to 20 million for GM, according to The Journal article. That’s probably why GM shares were down 3.2% in Thursday trading at $30.04 apiece while the S&P 500 and Dow Jones Industrial Average were both almost flat. NHTSA said it wasn’t providing a breakdown by manufacturer. Toyota didn’t immediately respond to a request for comment about the recall.
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