Ford, GM and Stellantis once again look appealing to stock buyers as demand for electric cars wanes and hybrid sales climb
Ford, GM, and Stellantis, the frumpy legacy carmakers abandoned a few years ago by investors seduced by new, younger, sexier all-electric startups, are back in vogue. Money men are betting big on The Big Three, as a safe place to stick their money as EV brands like Fisker and Rivian wobble. During a week where we wrote about Fisker’s collapsing share price as it struggles to avoid bankruptcy, Bloomberg reported that analysts have named Ford, GM, and Stellantis as the firms to watch.
Related: Fisker Pauses Production And Raises $150M, Holds Out For OEM Rescue At the height of the EV investment boom legacy carmakers looked slow-witted and out of touch because few had any electric vehicles to sell. But now, not only do those automakers have EVs in their showrooms, they also have combustion-engined cars and, perhaps more importantly, hybrid vehicles that are gaining in popularity, and likely to remain popular for years to come.
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