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Nhtsa Closes Probe into General Motors nyse Gm Recall of 13 Million Cars over Seat Belt Issues

NHTSA Closes Probe Into General Motors (NYSE: GM) Recall of 1.3 Million Cars Over Seat Belt Issues

WASHINGTON – On Wednesday, the National Highway Traffic Safety Administration said it has closed an engineering analysis into General Motors (NYSE: GM) prior recall of more than 1.3 million of its vehicles in the United States for seat belt issues.

NHTSA first opened a probe in 2019 into GM’s 2014 recall over the detachment of the flexible steel seat belt anchor cable attached to the outboard side of the front seats in vehicles and then upgraded it in 2020 to an engineering analysis.

The investigation covered the model year 2009 through 2014 GMC Acadia, Buick Enclave, and Chevrolet Traverse SUVs among other vehicles.

NHTSA cited General Motors’ (NYSE: GM) decision in 2019 to expand special coverage to all recalled vehicles, which allows for component replacement for 12 years or 180,000 miles from the initial sale in closing the probe without seeking a new recall.

NHTSA said, “There have been no reported crashes, injuries, or fatalities related to this investigation.” The agency also cited “the high detectability of the subject failure and the low rate of occurrence” in closing the probe.

(Source: ReutersReuters)

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Edward Cooke
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.