Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

GM's $600 Million Robotaxi Problem

TheMotleyFool 
0 0 26.07.24
GM's $600 Million Robotaxi ProblemPhoto, wide shot, wide-angle lens, soft focus, Auto parts supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-XjwbnkgTrFCFx6Y3gLbqZBCj.png?st=2023-05-13T09%3A21%3A52Z&se=2023-05-13T11%3A21%3A52Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-13T06%3A55%3A39Z&ske=2023-05-14T06%3A55%3A39Z&sks=b&skv=2021-08-06&sig=wJlbn/o%2BieTjclaQNRsJc%2BDDZieC0UCS6BPi5tapxAA%3D
 

General Motors (NYSE: GM) said it would write down the Cruise Origin vehicle and shift strategies at Cruise to utilize the next-generation Bolt EUV. The market didn't like the news, nor did Cruise's co-founder and former CEO. Travis Hoium covers why this move and the $600 million write-off that came with it may have been the best option for GM.

*Stock prices used were end-of-day prices of July 24, 2024. The video was published on July 25, 2024.

Continue reading


Source Fool.com

General Motors Corp Stock

€77.08
0.400%
The General Motors Corp stock is trending slightly upwards today, with an increase of €0.31 (0.400%) compared to yesterday's price.
Currently there is a rather positive sentiment for General Motors Corp with 55 Buy predictions and 7 Sell predictions.
With a target price of 83 € there is a slightly positive potential of 7.68% for General Motors Corp compared to the current price of 77.08 €.
Show more
Like: 0
GM
Share

Comments

Not a member yet? Sign up for free!