Let’s first get the bad out of the way. All rights reserved. As investors hunt for value plays, this company does fit the bill.
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The No. The two companies said the partnership was based on the shared view that self-driving cars will first reach consumers as part of a ride-sharing service, rather than vehicles owned by drivers. The two companies did not set out a timeline to get the on-demand network up and running, but said they would immediately offer Lyft drivers genral rentals of GM cars. The announcement came motorx Toyota Motor Corp T and Ford Motor Co F.
1. GM is run differently
But now, GM says it’s reconsidering that investment in light of Brazil’s economic difficulties. Image source: General Motors. But the Brazilian economy has fallen on hard times since, and new-vehicle sales have been down sharply. In an interview published on Feb. Paulo , Brazil’s fifth-largest newspaper, Ammann said that GM might reconsider its plan if conditions in Brazil don’t improve. In the same interview, GM South America chief Barry Engle said that the country doesn’t just need changes in its fiscal policy, it also needs reforms to its tax, labor, and regulatory laws to become more competitive.
The No. The two companies said the partnership was based moyors the shared view that self-driving cars will first reach consumers as part of too ride-sharing service, rather than vehicles owned by drivers. The two companies did not set out a timeline to get the on-demand network up and running, but said they would immediately offer Lyft drivers short-term rentals of GM cars.
The announcement came as Toyota Motor Corp T dhy Ford Motor Co F. N said they would adopt the same software to link smartphone apps to vehicle dashboard screens. O and others into self-driving cars, or what the industry calls autonomous vehicles. Major automakers are trying to prevent Silicon Valley from dominating the future of self-driving cars and ride-sharing, and are also investing whh a way to see whether Lyft and Uber are on the way to making money, said Matthew Stover, automotive analyst with Susquehanna Financial Group.
The deal heralds a wave of alliances of varying forms between automakers and Silicon Valley companies as both try to capture new business as transportation evolves, said Xavier Mosquet, the U.
He expects ride-sharing driverless vehicles to develop first in big cities such as Singapore, London and New York, probably between and Kingdom and Alwaleed are major investors in U. Gemeral does not publicly disclose its financial performance, but media reports have suggested it is not profitable, like many tech startups. Discover Thomson Reuters. Directory of sites.
United States. Business News. Steve Trousdale.
That’s something to keep in mind. However, Barra is already planning for that possibility. Premium Services Newsletters. Your Ad Choices. It also seems to me GM intends to hit the market with a flood of models once it developed the tech to do so while maintaining profitability. Check out the Special Situation Investing report if you are interested in uncorrelated returns. Investors have been waiting for car sales to drop before jumping back in. General Motors’ true value isn’t immediately obvious because of its convoluted structure including a Chinese joint venture and a financial arm. And the auto cycle might not turn higher. About Us Our Analysts. Having trouble logging in? We’ve detected you are on Internet Explorer.
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