Top 5 Car Company Stocks to Invest In

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1. General Motors Company (NYSE: GM)

Number of Hedge Funds: 70

Value of Hedge Fund Holdings: $6.3 billion

Topping the list of top 10 car company stocks to invest in is General Motors. The company recently said that they plan to make most of their cars electric by 2035. A campaign was launched by the company which they called ‘Everybody In’, with the purpose of enlightening people about the positive effects of transitioning to electric vehicles. General Motors said that it will be offering 30 new electric vehicle models over the next 4 years, which include the well-known Cadillac Lyric,  Chevrolet Bolt, and Hummer EV.

A total of 68 hedge funds tracked by Insider Monkey were long GM at the end of December 2020, compared to 67 funds a quarter earlier.

General Motors Company (NYSE:GM), showroom, car, Cadillac

TonyV3112 / Shutterstock.com

You can also take a peek at 10 Best Bank Stocks for 2021 and Short Seller Jim Chanos’ Top 10 Stock Picks.

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