GM's $600 Million Robotaxi Problem

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.

Source Fool.com

General Motors Corp Aktie

Mittlere Gewinne bei General Motors Corp heute, der Kurs steigt um 1,59 %.
Leichtes Buy-Interesse bei General Motors Corp, mit mehr Buy- als Sell-Einschätzungen.
Das Community-Kursziel von 48 € für General Motors Corp deutet auf ein leicht positives Wachstumspotenzial gegenüber 41.63 € hin.

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