NEW YORK (TheStreet) -- General Motors (GM) shares resumed trading on Monday shortly after it was halted following the automakers announcement that it was recalling 7.2 million more vehicles.
Shares closed trading down -0.87% to $36.30 today.
The recall involves 23 different models across GM's Chevy, Oldsmobile, Pontiac, Cadillac, Buick and GMC brands made between 1997 and 2014.
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Issues include the previously reported ignition switch rotation, engine block insulation issues and electric shorts in driver's side power window and power lock modules.
The company is aware of seven crashes, eight injuries and three fatalities related to the latest round of recalled vehicles.
General Motors also upped the size of the loss it expects to take this quarter due to multiple rounds of recalls to $1.2 billion from the $700 million it announced last week.
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 some important positives, 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."