General Motors Company (GM) continues to earn favor from
institutional investors with crucial partnerships enhancing its momentum. Despite a US$4.0b
market cap decline, longer-term profits remain in green, keeping institutional owners intrigued. A series of collaborations and deals, including significant ones with
Vianode for EV battery supplies, and ongoing discussions with
Hyundai for EVs and clean energy technology, are progressive steps. However, GM faces regulatory restraints, enduring a 5-year ban on selling drivers' location data. In terms of EV progression, GM is earning confidence from hedge funds due to strong financials and record
EV sales. Specific attention is given to GM's move to form a new power units company for the
Cadillac F1 project. The company’s stock hit a fresh high, gaining investor’s attention. However, the market has seen GM lagging despite this upsurge. On another note,
Jim Cramer speaks favorably about GM's prospects, calling the stock a 'bargain' with potential to climb higher.
General Motors Company GM News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Sat, 18 Jan 2025 14:00:10 GMT -
Rating 8
- Information 6
- Rumor -6
