Betting that General Motors Company’s worst days are behind it, Goldman Sachs has included the recall-prone carmaker on its list of 15 stocks that “offer better growth, value and yield,” than others listed on the S&P 500, CNN Money reported. (General Motors and Ford Motor Company were the only two auto companies on the list.)
For GM, it’s a rare moment of recent good press. This year the company has issued 29 recalls of more than 20 million vehicles, due to ignition-switch problems that have been connected to the death of at least 13 people. Yet despite the recalls—and potential legal exposure stemming from them—Goldman sees GM’s stock as highly promising.
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