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GM pays $220M to 36 states over illegal sale of driver data, must get consent going forward

Market News
30 Oct 2026, 00:01 WIB
TechCrunch
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Bearish
GM pays $220M to 36 states over illegal sale of driver data, must get consent going forward

General Motors will pay $220 million to settle allegations from 36 states that it illegally sold private driving behavior and location data to data brokers. The settlement requires GM to obtain drivers' explicit consent before collecting or sharing such data, aligning with prior agreements with California and the FTC. GM must also have a third party assess its compliance with privacy rules. This comes after GM discontinued its Smart Driver program in 2024 amid scrutiny over selling data to insurers, and reflects growing concerns about privacy as connected car technologies expand.

General Motors currently holds a market cap of $70.03 billion and a dividend yield of 0.87% on Pluang as of Oct 30, 2026 04:11 WIB. The stock price is $85.51, showing a 3.67% increase in the last day, while trading volume reached 9,245,608 shares. Despite the settlement news, Pluang order activity indicates a full sell sentiment among investors at this time.

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