GM - GM's Robust Quarter And Strengthening Stock Partly Reflect Rebound Of Gasoline Engines
2024-04-25 15:01:59 ET
Summary
- GM CEO Mary Barra's tenure is burnished after the company reported a $2.98 billion net profit in Q1, beating expectations.
- Barra has successfully balanced government and environmentalist pressure for more electric vehicles while maintaining the competitiveness of internal combustion engine models.
- GM's new 2024 Chevrolet Traverse poses competition for other midsize SUVs, but the lack of a gas-electric hybrid powertrain may hinder its appeal to consumers and meeting emission standards.
- The shares have had a good run. Price sustainability will be important.
Mary Barra has bought herself more time as chairman and CEO of General Motors Co. ( GM ). Moving decisively in late November to institute a $10 billion accelerated share buyback program and dividend increase, GM shares have been on a tear for five months....
GM's Robust Quarter And Strengthening Stock Partly Reflect Rebound Of Gasoline Engines