Why General Motors Stock Sunk Today

General Motors Company GM shares are trading lower Thursday following a report suggesting the company has at least 20 million vehicles with potentially explosive airbag parts.

What To Know: In response, the National Highway Traffic Safety Administration (NHTSA) held a meeting to decide whether to order recall over the airbag parts. General Motors stated that the investigation into the cause of the issue remains ongoing.

The report has hit the company as the United Auto Workers strike continues to put pressure on General Motors stock as well.

Shares of General Motors were down 23.19% over the past three months amid the strike.

Related Link: What's Going On With Euronav and Frontline Stocks Thursday?

GM Price Action: Shares of GM were down 2.55% at $30.25 at the time of publication, according to Benzinga Pro.

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