NEW YORK (TheStreet) -- Shares of General Motors Co. (GM) closed down 0.25% to $26.11 on Friday as the company said it's adding more than 243,000 compact hatchbacks in the U.S. and Canada to its growing recall for air bag problems, the Associated Press reports.
The expanded recall for passenger air bags covers the Pontiac Vibe from 2003 through 2007, the company said.
GM's recall comes after Japan's Takata (TKTDY) in May doubled the size of its air bag inflator recall to 33.8 million, the largest in automotive recall in history, according to the AP.
Additionally, there are talks that Fiat Chrysler Automobiles (FCAU) is looking to potentially merge with GM, as both companies have hired financial advisers to evaluate a potential deal, Reuters reported.
Bernstein analyst Max Warburton said the possibility of Fiat CEO Sergio Marchionne launching a "hostile takeover bid for GM," should be taken more seriously," USA Today reports.
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 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 increase in net income, impressive record of earnings per share growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."