NEW YORK (TheStreet) -- General Motors Co. (GM) announced on Friday that it is recalling over 2,280 of its latest mid-size pickup trucks in the U.S., regarding a faulty airbag issue, related to the safety feature's wiring, the Wall Street Journal reports.
The company, which designs, builds, and sells a variety of cars, trucks, and automobile parts across the world is recalling the 2015 Chevrolet Colorado and the GMC Canyon pickups.
GM is concerned the driver side airbag was not properly wired and the problem could reverse the deployment sequence and disturb the deployment timing of the air bag, the Journal added.
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GM said it does not know of any injuries related to the air bag issue, and added that it will fix the issue for free, the Journal said.
Shares of GM are up 0.82% to $33.36 at the start of trading on Friday.
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 few notable 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, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."