GM Jettisons Dinosaur Image as Investors Buy Into Its Mobility Bets
- Cruise Automation staking claim as a self-driving leader
- Tesla’s Model 3 delay gives Wall Street reason to relook at GM
GM Will Hang on to Tech Units, Ammann Says
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General Motors Co. may have been founded in 1908, but investors long treated the automaker as though it were born in the Jurassic period -- until now.
The shares have rallied 15 percent over the past month after hovering near their 2010 initial offering price for years, following a parade of analyst reports lauding its technology chops. Investors are betting that GM’s test fleet of self-driving electric cars can be converted into a lucrative robotaxi operation worth billions.