Is General Motors Stock Poised for a Turnaround? 3 Charts That Might Convince You
Detroit automaker General Motors (NYSE: GM), has shed roughly 35% of its value year to date as the company faced chip shortages, economic uncertainty, and the potential for rising interest rates to hinder consumer demand in the near term.
Despite these headwinds, GM delivered a solid third quarter, and here are three simple charts from its profit-driving North America region that might convince you it's ready to reverse its decline even in the face of uncertainty.
GMNA's Net Revenue and Inventories from Q3 2022 Earnings Deck. Image source: General Motors.
Source Fool.com
