Automobile: General Motors boosts the sector

(Boursier.com) — Like Stellantisat the top of the CAC40, the automotive sector is accelerating in the wake of General Motors which takes off on Wall Street. The American giant exceeded analysts’ expectations in the fourth quarter and revealed an optimistic outlook for 2024 while reporting a more generous shareholder return policy. “Consensus is growing that the U.S. economy, job market and auto sales will continue to be resilient,” GM Chief Executive Mary Barra said in a letter to investors. GM expects its EV sales to increase this year, reaching a market share of 10% in the United States compared to 7% in 2023.