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Morgan Stanley’s Adam Jonas bullish on GM and Ford into 2024
December 21, 2023 9:34 AM ESTAdam Jonas and Morgan Stanley released a report this week detailing the research companys bullish stance on Detroit automakers, Ford (NYSE: F) and General Motors(NYSE: GM) into 2024.
Over the past few years, U.S. OEMs have faced significant challenges. Increased interest rates have negatively affected affordability, while the rapid rise of EVs has impacted market share. A situation that led to inventive but risky capital allocation strategies.
Looking ahead to 2024, Jonas believes that there's potential for these challenges to ease, especially if there's a shift towards... More
