News: GM probe panel suggests penal action against carmaker

Strategic HR

GM probe panel suggests penal action against carmaker

A government-appointed panel investigating into General Motors' violation of vehicle testing norms in India has recommended "penal action" against the company for its failure to comply with emission norms and for committing corporate fraud, Economic Times reported.

A government-appointed panel investigating into General Motors' violation of vehicle testing norms in India has recommended "penal action" against the company for its failure to comply with emission norms and for committing corporate fraud, Economic Times reported.

The report added that the panel, headed by Nitin Gokarn, CEO of National Automotive Testing and R&D Infrastructure Project, said "despite having been specifically asked to provide all documents and records on the pertaining CoP in question, (the company) has not provided any documents that can be examined to arrive at any specific conclusion. Instead, GMI has given reports of their external auditors that have been created after the incident came to their notice."

In July, the company had announced the recall of over 1.14 lakh Chevrolet Tavera units manufactured between 2005 and 2013 to address "emission and specification issues".

General Motors India (GMI) is the Indian arm of Detroit-based world's second-largest automaker.

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Topics: Strategic HR, #Updates, #Corporate

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