ZWJ Investment Counsel shrank its holdings in General Motors (GM), while
UBS upgraded GM to buy and raised its Price Target to $81. GM's CEO, Mary Barra, sold some of her shares, and there's a reported reduction in EV ambitions.
Lecap Asset Management and many others acquired new assets in GM. GM's Q3 sales were up by 8%, driven by consumer interest in EV tax credits. A temporary halt has been placed on Cadillac Lyriq and Vistiq EV production through 2025. GM stock has been attracting investor attention and several investors like
Ninety One UK Ltd. and
Kathmere Capital Management have been investing heavily in it. Despite the overall positive sentiment, GM laid off 900 workers at its Kansas plant and has been criticised for creating jobs in Indiana while cutting jobs in Canada. GM is planning to invest $4 billion in its US manufacturing plants and has posted 17% Q1 sales growth attributed to trucks, SUVs, and EVs. The stock declined while the market improved but there is still a strong interest in GM, fuelled by optimism over the extension of the EV lease tax credit.
General Motors Company GM News Analytics from Tue, 11 Mar 2025 07:00:00 GMT to Sat, 04 Oct 2025 11:04:14 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
