General Motors Co. shares added to losses Thursday following a news report saying that the carmaker may be facing a massive recall in connection with defective air-bag inflators.
The Wall Street Journal said Thursday that at least 20 million GM
GM,
vehicles are built with the potentially dangerous air-bag part, made by auto supplier ARC Automotive of Tennessee.
GM shares dropped more than 4% in midday trading after losing about 2% earlier Thursday.
The report, citing people familiar with the matter, said that GM would be among the “most exposed” automaker to the recall, which involves 52 million inflators made by ARC.
At least two people have been killed and several others injured after the inflators exploded with too much force during a crash, sending shrapnel flying, the report said.
The National Highway Traffic Safety Administration has not yet released how many vehicles would be in the recall, or the specific models that would be affected, it said.
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