By Kuldip K. Ambastha
On Wednesday, August 4, 2021, General Motors Company (GM), a prominent automotive company, had a -8.9% loss for the trading day. While General Motors posted impressive numbers as part of its earnings announcement on that day, investors were nonetheless concerned about corporate management emphasizing caution for the second half of 2021. General Motors may have difficulties acquiring needed semiconductors going forward. Also, the company could be negatively affected by the spread of the highly contagious Delta (B.1.617.2) variant of COVID-19 lessening consumer interest in new purchases. Automotive insurance, electric vehicle, and autonomous vehicle efforts are ongoing within General Motors, and may or may not be bright spots for the company going forward.
Keywords – General Motors Company, General Motors, GM, automotive, auto, car, vehicle, earnings, caution, Delta, B.1.617.2, COVID-19, coronavirus, pandemic, semiconductors, consumers, insurance, electric, autonomous, future.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in GM.
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