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2021/02/04 / Erste Group Research

General Motors: strong focus on electrically powered vehicles

General Motors reported stable sales in Q3 (USD 35.5 bn). Operating income increased to USD 4.4 bln (+92%). As a result, the operating margin increased significantly to 12.5%. The restructuring of the company is thus making significant progress. General Motors and Cruise are working with Microsoft to commercialise self-driving vehicles. By 2035, the entire range is to be converted to electric drives.

Coverage dropped: Henkel, Hennes & Mauritz, Progressive


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General information

AuthorErste Group Research
Date2021/02/04
Languageen
Product nameRecommendation List
Topic in focusEquities
Economy in focusEurozone, Germany, Switzerland, United Kingdom, United States
Currency in focusBritish Pound, Euro, Swiss Franc, US Dollar
Sector in focusAutomobiles & Parts, Banks, Basic Resources, Chemicals, Construction & Material, Financial Services, Food & Beverage, Health Care, Industrial Goods & Services, Insurance, Media, Oil & Gas, Personal & Household Goods, Retail, Technology, Telecommunications, Travel & Leisure, Utilities
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