NEW YORK (TheStreet) -- TheStreet's Jim Cramer says new General Motors (GM) CEO Mary Barra is taking a large portion of the responsibility for the U.S. automaker's recent safety recalls, and he believes she is doing a terrific job.
But more importantly, Cramer says the company is putting the tragic issue behind it and the people who were involved are being released. He now thinks GM will be an earnings story going forward and, if that's the case, then investors should keep an eye on China's auto sales, which were strong recently, as well as Europe and the U.S.
Cramer says investors could have a chance to buy more GM if the stock drops Thursday.
TheStreet Ratings team agrees, as it rates General Motors 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, 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."