Why GM (GM) Is Down Today

NEW YORK (TheStreet) -- GM's (GM) problems over a recall have become stickier with the House Energy and Commerce Committee joining the fray.

GM has been under scrutiny from the National Highway Safety Administration concerning the Feb. 13 recall of 778,00 vehicles due to a faulty ignition switch.

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It's a rare move for the House subcommittee to join the investigation and it signals that the NHSA investigation hasn't been satisfactory to officials in Washington. GM hopes to avoid a long and protracted scandal such as the one Toyota  (TM) went through in 2010.

GM stock is down 1.16% on Tuesday.

TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about its recommendation:

"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by some important positives, 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, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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