Skip to content

🚗 Your People Are Here. Get In.

The internet is full of car content. This is the community.

Cheers & Gears has been bringing enthusiasts together since 2001. Join the conversation, show off your garage, and find your people.

Lear gets SEC subpoena tied to GM probe

Featured Replies

The subpoena calls for Lear to provide documents related to payments or credits by the company to GM from 2001 until the present day, Lear said in an SEC filing submitted on Thursday.

GM said in October the SEC had issued subpoenas as part of a probe into its pension accounting, retiree benefits and transactions with its former unit Delphi Corp. (DPHIQ.PK: Quote, Profile, Research), also an auto parts maker. GM, the world's largest automaker, said at the time it was cooperating with the investigation.

Lear said the subpoena it received was tied to the same SEC probe of GM, and that it was cooperating with regulators on the issue.

http://today.reuters.com/investing/finance...OS-LEAR-SEC.XML

Isn't Lear responsible for the amazing, segment leading interiors that GM has been boasting over the past few years?????

  • Author

I think GM may be be doing a lot more restating of Earnings. The Creativity of the Wagoner era may be catching up with them.

This has seemed to have missed any significance in the mainstream press. Boland was CFO for NA

http://www.detnews.com/apps/pbcs.dll/artic.../602240397/1001

People on the move

Autos

Mark Newman , assistant treasurer for General Motors Corp., was named finance chief of the automaker's North American operations. He replaces Mary Boland , who left to take a financial post with a company outside of the auto industry.

Edited by evok

hrmm... i really hope nothing is going on behind the curtains... i love GM and dont want to see it be the next enron...

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

Latest News

Who's Online (See full list)

  • There are no registered users currently online

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.