As GM's Cruise Headaches Continue, Maybe Ford Was Right All Along?
Though Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) are bitter rivals, especially in their bread-and-butter full-size truck segment, the truth is they have much more in common than not. In fact, it's a rare divergence when the two don't have a similar strategy when it comes to the automotive industry.
But that rare divergence happened when Ford severely scaled back its homegrown driverless vehicle ambitions (and took a big $2.7 billion charge on Argo AI) while General Motors appeared to double down on its Cruise driverless vehicle.
Given the recent Cruise headaches, was Ford right all along? And more importantly, what does it mean for Ford's investors?
Source Fool.com
General Motors Corp Stock
€41.49
2.300%
Currently there is a rather positive sentiment for General Motors Corp with 33 Buy predictions and 5 Sell predictions.
With a target price of 46 € there is a slightly positive potential of 10.88% for General Motors Corp compared to the current price of 41.49 €.
