GM's CEO Barra says 'undervalued' carmaker can sustain profit

New York

GENERAL Motors Co chief executive officer Mary Barra considers the largest US carmaker undervalued.

It's easy to see why. After record profit last year and higher earnings in the first quarter, GM shares were down about 12 per cent this year. Slowing growth in US vehicle sales and long-term threats from vehicle industry interlopers such as ride-sharing firm Uber Technologies Inc and self-driving car developer Google are among investors' concerns.