GM 'well positioned' for future in autonomous cars, ride-sharing: UBS

GM 'well positioned' for future in autonomous cars, ride-sharing: UBS

7 years ago
Anonymous $uquhsGEL_U

https://www.cnbc.com/2017/10/11/gm-ubs-autonomous-vehicles.html

General Motors is "well positioned" as a future mobility leader thanks to its extensive autonomous vehicle research and production, UBS research said.

UBS reiterated its buy rating on the motor company's shares and raised its price target, citing GM's leadership in developing automotive technology through its AV unit as well as opportunities in the ride-sharing business.