On Wednesday, General Motors reported fourth-quarter and full-year 2016 earnings. For the quarter, GM beat expectations. Global sales for the past year were a record for the company.
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Morgan Stanley's top auto analyst suggests GM could be broken up (GM)
"Does something more radical have to change to optimize shareholder value?" Morgan Stanley's Adam Jonas asked.
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And the market did what it has grown accustomed to doing with GM stock, sending shares into a dive (they had been rallying nicely as part of the so-called "Trump Bump"). The main source of concern is that GM's North American profit margins eroded at the end of 2016,
On a conference call with GM executives after earnings were announced, Morgan Stanley lead auto analysts Adam Jonas noted that since GM's 2010 IPO, the stock is up 6% versus the S&P500 rising 96%. In a research note published Wednesday, he reiterated that data point and opined that "
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