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

Thu, Jun 09, 2016 - 5:50 AM

Ms Barra says GM has been careful not to overbuild when sales are strong, so it won't have a glut of cars in inventory when the market slows down.

PHOTO: REUTERS

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...

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