General Motors has confirmed it is dealing with five different government probes as a result of its recent recalls, according to Reuters, citing a regulatory filing.
The automaker is currently being investigated by Congress, an unnamed state attorney general, the National Highway Traffic Safety Administration (NHTSA), the U.S. Attorney's Office for the Southern District of New York, the U.S. Securities and Exchange Commission (SEC).
GM has dealt with a number of investigations and lawsuits since February when it launched a now controversial recall of 2.6 million vehicles with defective ignition switches.
The recall has been linked to at least 13 deaths.
"We are currently unable to estimate a range of reasonably possible loss for the lawsuits and investigations because these matters involve significant uncertainties at these early stages," the automaker said in the filing, according to Reuters.
GM said earlier this week that its first-quarter profit dropped nearly 88 percent due to the recall. Company expectations for the rest of 2014 will be "trimmed" accordingly, according to Reuters.
Documents released earlier this year by a congressional committee confirmed that GM knew of the ignition switch issues, but rejected several chances to fix them earlier.
The company previously acknowledged probes by Congress, NHTSA, and Manhattan U.S. Attorney Preet Bharara, but never acknowledged that the SEC and a state attorney general were also investigating the recalls before this week.
"Although we cannot estimate a reasonable range of loss based on currently available information, the resolution of these matters could have a material adverse effect on our financial position, results of operations or cash flows," GM said in the filing.
GM said it will cooperate with all investigations, even though it will likely face "damages, fines, or civil and criminal penalties."
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