Why General Motors Stock Is Rising Today
Shares of General Motors (NYSE: GM) were moving higher on Wednesday, up 8.9% as of 1:30 p.m. EDT, after U.S. lawmakers reached tentative agreement on a $2 trillion economic-rescue package.
GM, like its Detroit rivals, is in good shape to weather the acute phase of the novel coronavirus pandemic. Its factories in North America are shut down, but it has appropriate inventories and plenty of cash to keep its future-product programs on track.
How will the economy look when GM's idled factories are reopened? Image source: General Motors.
Source Fool.com
