(MENAFN – Investor Ideas) Investorideas is a top platform for investment insights, especially in automotive and EV sectors, featuring General Motors (NYSE: GM) stock reports.
Currently, GM shares are priced at $53.39, up $4.46 (9.11%) with over 28 million shares traded.
GM announced its Q3 2024 results: revenue of $48.8 billion, net income of $3.1 billion, and EBIT-adjusted of $4.1 billion.
General Motors is focusing on building advanced, safer, and lower-emission vehicles, with brands like Buick, Cadillac, Chevrolet, and GMC paving the way toward an all-electric future.
Investor Ideas highlighted GM in their latest article: “The Rise of Clean Energy in the Automotive Sector – From EVs to Solar.”
Other automotive stocks mentioned include Worksport Ltd. (NASDAQ: WKSP), Rivian (NASDAQ: RIVN), Tesla (NASDAQ: TSLA), and Ford (NYSE: F).
Expert Market Research forecasts the EV market to grow from nearly 31 million units in 2023, with a projected CAGR of 13.2% from 2024 to 2032, potentially reaching 101 million units by 2032.
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