The automaker turned in disappointing second-quarter results, but there still is potential for significant margin improvement over the next few years, says Morningstar’s Dave Whiston.
UPDATE: GM to recall additional 717,950 vehicles
UPDATE: 10 cars Americans don't want to buy
During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that central banks should keep real rates close to zero for some time.
CORRECTING and REPLACING Android and the Open Automotive Alliance Shift into the Next Gear
Even after a strong rebound from the market trough in 2009, the U.S. auto sector still has room to run.
The new General Motors is much leaner than its predecessor, and any near-term litigation risk will have little impact on the automaker's 1.85 billion diluted shares.
Our fair value estimate and moat rating remain intact.
A watershed moment for munis, Apple advances on China market, and more.
Most industrials are fairly valued at present, with a pocket of value in automakers.