NEW YORK (TheStreet) -- General Motors (GM) shares are down -1% to $36.73 on Thursday following reports that the automaker is set to recall another 33,000 vehicles.
The recall is expected after GM told auto dealers to stop selling all 2013 and 2014 year models of the Chevy Cruz due to an airbag issue.
GM has recalled more than 20 million vehicles worldwide this year, including 2.6 million vehicles with an ignition switch issue that caused 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 several positive factors, 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."