NEW YORK (TheStreet) -- Shares of General Motors Co. (GM) are slightly lower in pre-market trade as the automaker faces an investigation by U.S. regulators over potential flaws in at least 2 million vehicles that remain on the road, underlining the potential for still more recalls on top of this year's already-record tally, Bloomberg reports.
The largest U.S. automaker may continue to recall vehicles into the middle of the summer months, Brian Johnson, a Barclays analyst, wrote last week after meeting with a top GM executive. The company didn't dispute Johnson's characterization, Bloomberg noted.
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 number of 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 and largely solid financial position with reasonable debt levels by most measures. 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: