NEW YORK (TheStreet) -- General Motors (GM) is recalling 221,000 cars due to a parking brake issue with its 2013-2015 Cadillac XTS and the 2014-2015 Chevrolet Impala models, the company announced over the weekend.
The issue stems from a flaw that causes the brakes to overheat which could potentially lead to a fire.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
The automotive company reported that there haven't been any injuries or fatalities related to the recall.
This year GM has recalled more cars than it makes in a year, with over 26 million vehicles being recalled for various defects, including an ignition switch issue that is known to have killed at least 19 people.
General Motors shares are up 0.09% to $33.97 in pre-market trading today.
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 and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."