NEW YORK (TheStreet) --Shares of General Motors (GM) were lower during early-afternoon trading as the company announced it would recall over 4.3 million vehicles worldwide due to an airbag defect.
A software defect in rare cases prevents airbags from deploying in the event of a crash, CNBC's Sue Herera reported.
The issue has been linked to one death and three injuries.
"The automaker says it is recalling newer trucks, cars, and SUVs from the 2014 to 2017 model years," Herera noted.
Vehicles include Chevrolet, Buick, GMC, Cadillac, Pontiac, Oldsmobile, Saturn, HUMMER or SAAB, according to GM's website.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: GM
