General Motors Company has reported mixed news with both anticipated earnings, increased dividends and quarterly losses. The auto-giant has displayed a
strong Q4 2024 performance despite economic challenges and even saw a 21% rise in US sales due to powerful EV deliveries.
Jim Cramer believes that the GM stock could drift downwards, though he also questions the recent stock upgrade and perceives GM as a undervalued stock. On the other hand, several announcements indicated troubles for the company with reports of their
shares sinking and plans for potential tariffs. Furthermore, even though GM's
EV business has started generating variable profits, experts indicate that true profitability is far fetched. Despite some setbacks, institutional investors still show heavy interest in the company, with the percentage reaching 87%. The company is undeniably facing challenges in terms of
Electric Vehicle adoption, that are compounded by infrastructure and market obstacles. One element certainly aiding the automaker is the
CEO Mary Barra's strategic foresight and her preparedness to ramp up gas vehicle production if EV demand lessens. GM's future in the EV market remains uncertain, but the company still appears to be on track with its turnaround plans.
General Motors Company GM News Analytics from Thu, 27 Jun 2024 07:00:00 GMT to Fri, 31 Jan 2025 16:08:42 GMT -
Rating 0
- Innovation 2
- Information 4
- Rumor -2
