Shares of General Motors Plunged After News of DOJ Involvement in Ignition-Switch Issues

Shares of General Motors GM are lower amid the United States Justice Department involvement in the ignition-switch recall.

In day-trading Tuesday, shares of GM fell the most they had in two years, but have recovered and are now down about one percent.

The company first told shareholders about the recall on February 13, then doubled the extent of the recall on February 25.

See also: Congress Steps In To Investigate General Motors And NHTSA

Delphi Automotive was the supplier of the ignition switch.

Ryan Brinkman, analyst with J.P. Morgan said in a note to clients that, “Delphi management commented that a typical ignition switch is an inexpensive part, sometimes costing as little as $2 to $5 to produce,” suggesting a total recall cost of $3.2 million-$8 million.