General Motors shares are trading lower after the company reported Q2 financial results. Also, the company announced that it delayed its 2024 Buick EV and pushed its EV pickup plant opening to 2026.
Portfolio Pulse from Benzinga Newsdesk
General Motors shares are trading lower after the company reported Q2 financial results and announced delays in its 2024 Buick EV and EV pickup plant opening to 2026.
July 23, 2024 | 2:50 pm
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NEGATIVE IMPACT
General Motors shares are trading lower following disappointing Q2 financial results and delays in the 2024 Buick EV and EV pickup plant opening to 2026.
The combination of disappointing Q2 financial results and delays in key EV projects is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100