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Why GM Shares Are Rising

Shares of large automakers, including General Motors Company (NYSE: GM), are trading higher amid an overall market rebound as stocks regain some losses following Monday's selloff.

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This Nimble EV Stock Has Outperformed Tesla And Other Major Automakers In September

Automobile stocks bounced back from the COVID-19 pandemic-induced sales slowdown fairly well in the second half of 2020 only to be caught unaware by the global semiconductor shortage. Despite the sales hit from the chip crunch and the resulting capacity idling, shares of most legacy automakers are higher for the year-to-date period.

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