GM stock drops 4 percent, hits 10-month low

Published April 11, 2014 9:51pm ET



DETROIT (AP) — Shares of General Motors Co. sank to a 10-month low Friday amid continuing fallout from a mishandled recall of 2.6 million small cars.

Standard & Poor’s raised doubts that GM’s credit rating would be restored to investment grade status this year after the automaker boosted its estimated for costs related to a series of recalls announced since February. And documents released by a House subcommittee raised further questions about GM’s handling of safety issues.

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