SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of General Motors Company of a Class Action Lawsuit and a Lead Plaintiff Deadline of February 6, 2024 - (NYSE: GM)

NEW YORK, Jan. 26, 2024

Shareholders who purchased shares of GM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/general-motors-loss-submission-form/?id=64782&from=4

CLASS PERIOD: February 2, 2022 to October 26, 2023

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) GM downplayed concerns with its vehicles' airbags and the need to record additional warranty accruals for related product recalls; (ii) GM overstated the extent and efficacy of its efforts to analyze defects in its vehicles' airbag inflators; (iii) Cruise's AVs and/or AV technology were less safe and well-developed than defendants had led investors, regulators, and the general public to believe; (iv) accordingly, regulatory approval of Cruise's AV products was unsustainable and the prospects for widespread regulatory approval and adoption of Cruise's AV products were overstated; (v) all the foregoing subjected GM to an increased risk of governmental and/or regulatory scrutiny and enforcement action, significant legal liabilities, product recalls, and reputational harm; and (vi) as a result, defendants' public statements were materially false and/or misleading at all relevant times.