GM confirms DoJ, SEC recall problems related to ignition switch recalls

General Motors headquarters, April 1, 2014, Detroit
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General Motors confirmed it is being investigated by the Justice Department and SEC for its recent recalls of cars over ignition switch problems that allegedly led to several deaths, according to a recent filing.

"We are also the subject of various inquiries, investigations, subpoenas and requests for information from the U.S. Attorney's Office for the Southern District of New York, Congress, NHTSA, the SEC, and a state attorney general in connection with our recent recalls," said a statement in the filing. "We are investigating these matters internally and believe we are cooperating fully with all requests, notwithstanding NHTSA's recent fines for failure to respond. Such investigations could in the future result in the imposition of damages, fines or civil and criminal penalties."

GM CEO Mary Barra had recently testified before Congress regarding her knowledge of the failing ignition switches.