Levi & Korsinsky notifies investors that it has commenced an investigation into General Motors Company (NYSE: GM) concerning potential violations of the federal securities laws.
GM filed a petition in 2022, with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls such as a steering wheel, brake pedals or mirrors. Then, on July 23, 2024, GM announced that it was indefinitely delaying its planned Origin vehicle, stating that it would instead use a conventional next-generation Bolt electric vehicle as the platform for its planned Cruise robotaxi. Following this news, GM's stock price dropped over 6% on July 23, 2024.
If you suffered a loss on your General Motors securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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