General Motors Co (LTS:0R0E)
$ 45.675 0 (0%) Market Cap: 52.18 Bil Enterprise Value: 148.94 Bil PE Ratio: 5.59 PB Ratio: 0.76 GF Score: 79/100

General Motors Co at Bank of America Merrill Lynch Global Automotive Summit (Virtual) Transcript

May 15, 2020 / 07:00PM GMT
Release Date Price: $22.32 (+2.69%)
John Joseph Murphy
BofA Merrill Lynch, Research Division - MD and Lead United States Auto Analyst

Well thanks, everybody, for joining us again here at 3 p.m. towards the end of the day. We're very happy to have General Motors up next. There have been many impressive changes that occurred at GM since Mary Barra has taken over as Chairman and CEO, ranging from exiting money-losing businesses like Europe to investing heavily in autonomous technology and Cruise and really investing in the future.

However, I think the tough steps to prepare the business to fight through a downturn or a crisis like we're in right now have been occurring behind the scenes and are not well appreciated. And I think this unfortunate event is going to really highlight all these actions that the company has taken to fight through downturns and really thrive on the other side. And I think this is just becoming -- just beginning to become obvious to investors and hopefully will drive much-deserved recognition in the stock which is certainly not showing up at the moment.

Obviously, this has been helped -- executed

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