GM Reveals Ambitious Growth Targets -- and Investors Shrug
Since the beginning of last year, General Motors (NYSE: GM) has aggressively increased its investment plans for the electric vehicle and autonomous vehicle markets. At an investor event this week, management finally provided firm targets for future revenues and earnings based on the company's evolving strategy.
The numbers are truly extraordinary. GM plans to at least double its annual revenue by 2030 while expanding its operating margin. However, investors clearly doubt that the company can achieve those goals. GM stock barely budged after the company revealed those growth targets, and it continues to trade at an extremely low valuation.
Over the past decade, General Motors' revenues have declined from around $150 billion annually to just shy of $140 billion for the 12-month period that ended this June.
Source Fool.com
