General Motors Co (GM) has been attracting significant investment attention due to market dynamics and the recent shift in focus from robotaxi to its core business. After facing a series of difficulties, GM decided to halt its stake in the robotaxi project Cruise, which will now operate in-house. The decision to abandon this venture is not considered a significant setback and is seen by some as a strategic move. However, this project's loss-making termination resulted in GM taking a hit of over $5 billion due to the fall out in China. Despite these setbacks, the firm continues to display resilience as it explores new ventures such as partnerships with Hyundai on EV development. The institutional support, coupled with its strong market position, has generated a positive outlook for the firm with analysts calling GM an undervalued asset. Several hedge funds also display confidence in the company, considering it a viable investment option. GM's stock is making upwards moves despite an overall market decline, impressing investors and hinting at its potential for future growth. Lastly, GM aims to drive growth by focusing on record EV sales and expansion.
General Motors Company GM News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Fri, 13 Dec 2024 16:13:10 GMT -
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