Transportation
Old-Guard Car Stocks Are Hot Again as EV Revolution Sputters
- Legacy makers’ cheap valuations, cash flow lure investors
- Analysts sees shares of GM, Ford, Stellantis as likely winners
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The Big Three are back, at least in the eyes of investors.
As the much-ballyhooed electric-vehicle revolution loses momentum, investors are reappraising the shares of legacy producers, with gasoline-powered cars and hybrids set to generate billions of dollars in cash for years to come and account for the vast majority of sales.