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Stock impact report

GM faces class action in Australia over Holden transmission issues [Yahoo! Finance Canada]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
The alleged defect resulted in various problems, including intermittent transmission shudders and leakage of automatic transmission fluid, Maurice Blackburn said. "The class action alleges that General Motors failed to comply with the guarantee of acceptable quality under the Australian Consumer Law and engaged in misleading and deceptive conduct," the law firm said. GM was not immediately available for comment. The U.S. carmaker had retired the Holden brand in 2021, saying that with sales plummeting, it could not justify the investment to continue building right-hand drive vehicles. The class action is seeking compensation for loss and damage. Maurice Blackburn did not immediately respond to a request to clarify the number of vehicles affected and the amount it was seeking. (Reporting by Aaditya Govind Rao in Bengaluru and Byron Kaye in Sydney; Editing by Subhranshu Sahu) Recommended Stories Show less Read more
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