In a filing with regulators, General Motors said that ineffective internal controls over financial reporting might make it difficult for the company to execute on its business plan.

According to the carmaker, the control weaknesses include poor "maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the corporation," as well as failing to ensure that "receipts and expenditures of the corporation are being made only in accordance with authorizations of management and directors of the corporation."

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