General Motors' Pivot May Be Paying Off, and It Could Generate Billions in Revenue

Late in 2024 when General Motors (NYSE: GM) announced it would no longer fund robotaxi development with its majority-owned Cruise business, some investors considered it a blow to its long-term potential. Once hyped as the next big thing for GM, something that could potentially generate billions in revenue and earnings was no longer in its plans.What investors might not have expected, though, was that the company's pivot toward advanced driver-assist programs would pay off so quickly. But that's exactly what recent data suggests. Rather than develop robotaxis, which the company admitted would take considerable time and resources to scale up in an increasingly competitive market, GM refocused its efforts on driver-assist technologies that could generate revenue in the near term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool