Pursuits
GM’s Barra Says ‘Undervalued’ Carmaker Can Sustain Profit
- Barra sees GM breaking even in 10 million-unit U.S. market
- GM remains open to working with Google, development chief says
GM CEO: This Is a Transformational Time in Transportation
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General Motors Co. Chief Executive Officer Mary Barra considers the largest U.S. automaker undervalued.
It’s easy to see why. After record profit last year and higher earnings in the first quarter, GM shares were down 12 percent this year through Monday. Slowing growth in U.S. auto sales and long-term threats from auto industry interlopers like ride-sharing firm Uber Technologies Inc. and self-driving car developer Google are among investors’ concerns.