NEW YORK (TheStreet) -- Shares of General Motors Co. (GM) may be lower today after the House Energy & Commerce Committee released information yesterday from a Delphi Automotive (DLPH) investigation that GM had authorized faulty ignition switches for its 2002 vehicles even though the parts appeared not to meet GM's own requirements.
The shares are down 0.81% to 34.73 in premarket trade.
This comes before GM CEO Mary Barra is expected to testify before the panel this week about the switches, which have been tied to about 13 deaths.
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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 a few notable 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, 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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: