2 Reasons This Massive Global Auto Turnaround Could Reward Investors
Stellantis' $70 billion turnaround plan has a lot of moving parts, but these two reasons should give investors much optimism.
2 Reasons This Massive Global Auto Turnaround Could Reward Investors
Overview
In the grand scheme of businesses near and far, General Motors (NYSE: GM) and Stellantis (NYSE: STLA) have much in common as automakers with a core prowess of producing highly profitable full-sized trucks and SUVs. But despite their many commonalities, the two automakers are wildly apart in terms of momentum and performance.
Over the past three years, GM's stock has more than doubled, and its business is hitting on all cylinders, while Ford Motor Company has at least remained in neutral. On the other hand, Stellantis has faced a long list of problems and has shed over 60% of its value over the past three years.
Details
Of the three automakers, Stellantis may have more near-term upside due to its cheap valuation, and these two reasons could drive its stock higher over the next three years.
Source
Originally published at www.fool.com.
