Jan. 19, 2017—General Motors (GM) announced on Wednesday that it will pay a civil penalty of $1 million as part of its settlement with the U.S. Securities and Exchange Commission (SEC), following the SEC’s investigation into the automaker’s 2014 ignition switch recalls.
The automaker will consent to an administrative SEC Cease and Desist Order, without admitting or denying any wrongdoing.
The SEC settlement does not call into question any of GM’s current or prior financial statements or its disclosures. Also, no material weakness or significant deficiency was found by the SEC.
Since the ignition switch recall, the automaker has worked to resolve ignition switch issues with customers and regulators at both the state and federal level.
Enhance your collision repair workflow with Autel’s IA900, a process-driven solution integrating precision alignment, bi-directional diagnostics, and ADAS calibration. Designed...
The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...
Originally published by Modern Tire Dealer on Sep 4, 2024 | Written by Mike MangesTire dealers who aren't offering advanced driver assistance system (ADAS)
In this edition of Ask the Expert, Autel’s Stewart Peregrine and Eric Sponhaltz share valuable insights to help shops prepare for ADAS service, ensuring compliance, profitability...
