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Why Citi Isn't Panicking Over GM Yet

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General Motors Company NYSE:GM, Ford Motor Company NYSE:F - Why Citi Isn't Panicking Over GM Yet

Citi analysts Itay Michaeli and Justin Barell assured they are not panicking over General Motors Company GM 0.85%, even though China remains a substantial risk, and explain why in a recent report.

Citi’s Take

While the firm sees some added risk to auto production in China following the recent market turmoil, its view of the wider sector has not changed materially, “After speaking with suppliers and assessing mid-August U.S. trends.”

In fact, Citi’s conviction that General Motors will outperform Ford Motor Company F 1.55% has actually increased with the recent release of...