General Motors Downgraded: Hummers Seemed Like Good Idea At The Time?

It’s easy to beat up on General Motors (GM). The crux of their business was (and still is) selling grossly oversized vehicles like the Hummer. Citi finally throws in the towel, downgrades GM from Buy to HOLD. They cite “reduced earnings power” and “cash burn risks” and recommend a switch to American Axle (AXL).

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