5 Best Automotive Stocks to Invest in Now

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In this article we will take a look at the 5 best automotive stocks to invest in now. For a detailed analysis of these stocks, go directly to the 10 Best Automotive Stocks to Invest in Now.

5. General Motors Company (NYSE: GM)

Number of Hedge Fund Holders: 70

General Motors Company (NYSE: GM) is a Michigan-based multinational automotive manufacturer. The company makes and sells cars, trucks, crossovers, and automobile parts globally. Some of the famous products of the firm include the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brands. The firm also offers financial and security services for automotive to individuals and businesses. It was founded in 1908 and is placed fifth on our list of 10 best automotive stocks to invest in now.

On April 16, General Motors Company (NYSE: GM) announced that it had signed an agreement with electronics firm LG to build an electric vehicle battery manufacturing plant in the US worth $2.3 billion. Earlier that week, retail giant Walmart had invested in Cruise, a self-driving unit owned by the Michigan carmaker that plans to run self-driving taxi fleets in the Middle East.

Out of the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in the firm with 72.5 million shares worth more than $3 billion. 

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