Car Prices Blogs

General Motors has taken quite a few deserved punches lately and it was delivered a final blow today. Morgan Stanley downgraded GM’s price target to a feeble $33/share from $49/share. Analyst Adam Jones remarked that the industry beginning a period of progressive technology change, due to the potential of electronic and self-driving vehicles in the near future. This downgrade is basically stating that GM will not be nimble enough to keep up during this transition. Jones stated that companies like Tesla were much more prepared to thrive in the upcoming years with the technological paradigm shift since it has its pick of engineers to help innovate and help the company adapt rapidly to major changes.

Jones also downgraded the Ford Motor company from $20/share down to $17, citing poor overseas gains and stronger competition nationally. This is disheartening as U.S. automakers were just beginning to rebound from the recession and provide steady gains and returns. If you are in the market to upgrade your vehicle to an electric model to stay ahead of the curve, that head to www.CompetingCarPrices.com for free price quotes on green-friendly vehicles today!