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Stock impact report

UPDATE 1-US could ban Chinese connected vehicles or impose restrictions [Yahoo! Finance]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Yahoo! Finance
WASHINGTON, May 8 (Reuters) - The U.S. could take "extreme action" and ban Chinese connected vehicles or impose restrictions on them, Commerce Secretary Gina Raimondo said on Wednesday, in the first indication a ban could be on the table after a national security investigation. The Commerce Department is reviewing public comments that were due by April 30, Raimondo told Reuters, on a probe the Biden administration launched in February into whether Chinese vehicle imports pose national security risks. "We have to digest all the data and then figure out what action that we want to take," Raimondo said without detailing a timeline. "We could take extreme action, which is to say no Chinese connected vehicles in the United States or look for mitigation" including safeguards, guardrails or other requirements. The White House said in February the Commerce probe was being opened because vehicles "collect large amounts of sensitive data on their drivers and passengers (and) regularly us Show less Read more
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