GM has recalled about 1 million vehicles due to the problem. The company reiterated Thursday that it “believes the evidence and data presented by NHTSA at this time does not provide a basis for any recall”

Tecolem.com

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Since the UAW union’s targeted strikes began Sept. 15, shares of the Detroit automaker have fallen by about 10%. The stock closed Thursday at $30.31 a share, down by 2.4%.

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While many Wall Street analysts have said a strike by the UAW was already priced into GM shares, the automaker’s stock has only experienced five positive trading days out of 14 sessions.

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The potential recall of roughly 52 million air-bag inflators from Tennessee-based auto supplier ARC Automotive had been reported about previously, but the number of affected GM vehicles had not.

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GM confirmed Thursday it had made a counteroffer to the union, marking its sixth since the start of negotiations.

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We believe we have a compelling offer that would reward our team members and allow GM to succeed and thrive into the future.

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