An official report report released Monday said two additional deaths were attributed to the faulty ignition switch. Claims deemed eligible for compensation for injuries and deaths reached 2,262 as of Monday, according to Reuters. This marked an increase of 15 claims from the previous week.
The fault in the ignition switch can cause it to move out of position, which stalls the vehicle and disables the air bags. The issue forced GM to recall 2.6 million vehicles earlier this year.
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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, 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."