Wealthspire Advisors and Envestnet Portfolio Solutions Inc. lower their stakes in General Motors (GM). GM experiences a fall in Q2 sales in China due to stiff competition whereas its Q2 US deliveries rise on robust EV sales. Meanwhile, the company is fined $146M over excess emissions. GM is gaining investor attention due to its potential for growth, ongoing projects, and its momentum despite some market setbacks. GM is looking to retool a Michigan auto plant with a $900M investment for building EVs, attracting a $1.1 billion award from the Biden administration. Despite a 20% loss for investors who invested in GM three years ago, the company remains a valuable long term investment with market potential. GM is also keeping an eye on developments in the future, expanding its fuel cell pilot program, and continuing its quest for zero emissions with its 2023 sustainability report. As further testament to its industry position, GM’s Q1 2024 earnings and revenues beat estimates.
General Motors Company GM News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 14 Jul 2024 12:52:04 GMT -
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