Subpoenas are a sign that the investigation has grown more serious.
Officials at General Motors Corp. said that the Securities and Exchange Commission is investigating pension and other post-employment benefits, as well as certain transactions between the auto giant and Delphi Corp., the bankrupt parts maker that was once part of GM.
In a regulatory filing, GM noted that the SEC has issued subpoenas concerning, pension and other post-employment benefits--specifically any obligation GM may have to fund these programs in the wake of Delphi's Chapter 11 proceedings; GM's recovery of recall costs from suppliers; and supplier price reductions or credits.
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