From CNBC: 2024-10-07 13:42:06

GM CEO Mary Barra is set to present at the automaker’s capital markets day to showcase the company’s ability to outperform expectations despite changing market conditions. Analysts are eager to hear about plans for EVs, China restructuring, and Cruise autonomous unit. GM faces challenges in the China market and a need to balance EV adoption with future plans. The company aims to show flexibility in producing both EVs and vehicles with internal combustion engines. Wall Street remains cautious about GM’s stock performance leading up to the event, with concerns over market conditions and low upside potential. Investors are also concerned about GM’s restructuring in China and ongoing issues with the Cruise autonomous vehicle unit following an accident in October. GM has been working to relaunch Cruise operations, but challenges remain.



Read more at CNBC: Cruise, cash and EVs top of mind for Wall Street