GM vehicles such as the Chevrolet Malibu have retained or increased their value, occasionally more than rival company's vehicles, according to The Associated Press. New car sales also increased 13% in May.
GM has issued 44 recalls of more than 20 million vehicles this year for issues from faulty ignition switches to airbag problems.
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The stock was up 0.5% to $36.24 at 2:33 p.m.
Separately, 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, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. 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: