US car company General Motors sets up a new engine company as it gears up for its prospective entry into Formula 1.
General Motors (GM) closed the most recent trading day at $51, moving -1.89% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.16%. On the other hand, ...
General Motors trades at an extremely low valuation, under 6x earnings, despite high-quality earnings and strong cash flow.
Russ O'Blenes, director of the engine team behind the roaring Cadillac GTP, will lead the new operation.
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