General Motors Surges to 159th in Trading Volume with 10.53 Billion Shares Exchanged Amid Investigation

On April 9, 2025, General Motors (GM) saw a significant surge in trading volume, with a total of 10.53 billion shares exchanged, marking a 48.08% increase from the previous day. This substantial trading activity placed GM at the 159th position in terms of daily trading volume. Additionally, GM's stock price rose by 7.67%.

General Motors is currently under investigation by Grabar Law Office regarding potential breaches of fiduciary duties by certain officers and directors. The investigation stems from a securities fraud class action lawsuit that has survived a motion to dismiss. The complaint alleges that GM made materially false and misleading statements about its business, operations, and prospects, particularly concerning its Cruise segment's autonomous vehicle (AV) technology.

The lawsuit claims that GM downplayed concerns about its vehicles' airbags and the need for additional warranty accruals for related product recalls. It also alleges that GM overstated the efficacy of its efforts to analyze defects in its vehicles' airbag inflators. Furthermore, the complaint suggests that Cruise's AV technology was less safe and well-developed than GM had led investors to believe, potentially leading to regulatory scrutiny and enforcement actions.