NEW YORK (TheStreet) -- The GM (GM) Chevy Spark was the only subcompact car out of a field of 11 cars to receive a passing grade in a very dangerous crash test the Insurance Institute for Highway Safety announced Wednesday.
Shares of GM finished the day higher, gaining 1.2% to close at $38.80.
The Chevy Spark received an "acceptable" grade on the IIHS test that had 25% of the front end of the car (on the driver's side) strike a 5-foot barrier at 40 mph. It was the only subcompact car, or minicar, to receive the grade.
The Honda (HMC) Fit, Fiat 500, Hyundai Accent, Nissan (NSANY) Versa, Toyota (TM) Prius C, and Mitsubishi Mirage received "poor" grades in the test. The IIHS gave "marginal" scores to the Mazda 2, Kia Rio, Toyota Yaris, and Ford (F) Fiesta.
No subcompact car was able to earn a "good" mark. The subcompact group is the worst-performing group of vehicles the IIHS has tested.
While only Chevy's car passed the test, Honda will replace the Fit with a new 2015 model this year that it hopes will perform better in crash tests.
TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."