There is a drumbeat among the media and auto industry executives. If the Trump Administration eliminated the EV tax credit, often $7,500, the industry would face a major setback.
General Motors remains a 'buy' due to attractive valuation, solid North American growth, and progress in the electric vehicle market. Revenue increased by 10.5% in Q3, driven by higher volumes and favorable product mix in North America. Despite international challenges, GM's leverage improved, and restructuring efforts are expected to save over $1 billion annually.
The auto sector is in focus today, as companies big and small wrestle with Honda Motor (HMC) and Nissan Motor moving forward with merger talks, with plans to reach a conclusion in June of 2025 and potentially form the third largest automaker in the world.
General Motors (GM 1.38%) recently announced it is ending its Cruise robotaxi business in order to focus on autonomous driving for personal vehicles. That changes the stock's investment thesis, as Travis Hoium covers in this video.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.