Mixed picture for General Motors
Auto giant General Motors has proposed that the South Korean government helps to provide funds for $2.8 billion of fresh investment into its ailing Korean business (GM Korea) in order to save it. The firms Asian arm is one of its largest offshore operations and employs 16,000 workers across 4 plants, but may have to withdraw entirely from the country due to heavy financial losses. 14,000 workers in the country say they will go on full strike if GM abandons South Korea.
It's not all bad news though. While it's no secret that General Motors stock has under-performed the market for years, recently a turnaround looks to be underway. The GM CEO Mary Barra said "2017 was a transformative year", thanks to increasing profitability, a nice dividend for investors as well as improving autonomous vehicle technology. On top of this GM said it will push out "at least 20" new all-electric models by 2023. At a mere $40.77 a share (cheap compared to its peers), some analysts think the stock could have major upside potential.
Via: https://invstr.com/