Kelley Blue Book: GM Will Be 'Well Prepared' Once Industry Shifts Among Classes
General Motors Company (NYSE: GM) on Thursday highlighted plans for the near- and long-term future with regards to alternative transportation initiatives. CEO Mary Barra emphasized the chance for GM to be a "disruptor" in the space by positioning itself for future personal mobility.
Following this news, Benzinga reached out to Kelley Blue Book Senior Analyst Akshay Anand.
Anand reiterated that personal mobility is "longer-term future," which every company is looking at. Barra gave six alternative initiatives to move toward this goal:
- Autonomous Vehicle Deployment
- Car Sharing
- eBike Concept
- Fuel Cell Propulsion
- Mixed Materials
- Exclusive Mixed-Metal Manufacturing Techniques
Anand said that GM is looking at "both sides of the coin" with regards to fuel cell developments and electric vehicles. While noting that GM is seeking company balance, he does believe that they will be "well prepared" once the industry shifts among classes. GM seeking balance to product lineup is not a shocking move to competitors with regard to GM's refresh plan. It is just a matter of whether or not GM can deliver proper execution and deliver on personal mobility nuances.
GM shares traded recently at $30.51, up more than 11.6 percent.
Latest Ratings for GM
|Jan 2017||Daiwa Capital||Downgrades||Neutral||Underperform|
|Dec 2016||BMO Capital||Initiates Coverage On||Market Perform|
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