GM investor day: Cruise, cash and EV profits top of mind for Wall Street
Publishing timestamp: 2024-10-07 17:30:01
Summary
General Motors will address investor concerns during capital markets day, focusing on electric vehicles, hybrids, Cruise autonomous vehicle unit, China restructuring, and near-term plans for free cash flow. Despite low expectations, GM's stock has been under pressure, with concerns about peak profits, China restructuring, and future funding for Cruise autonomous vehicle unit. Wall Street analysts are eager to hear about GM's plans for EVs and hybrids.
Sentiment: MIXED
Keywords: mary barra, business, general motors co, detroit, business news, norwegian cruise line holdings ltd, china, ford motor co, autos, breaking news: business, transportation,
Source: https://www.cnbc.com/2024/10/07/gm-general-motors-investor-day.html