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GM investor day: Cruise, cash and EV profits top of mind for Wall Street - TL;DR CNBC

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

Tickers: GMF1211-HK

Keywords: mary barrabusinessgeneral motors codetroitbusiness newsnorwegian cruise line holdings ltdchinaford motor coautosbreaking news: businesstransportation

Source: https://www.cnbc.com/2024/10/07/gm-general-motors-investor-day.html


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