Why General Motors Shares Climbed in January

Why General Motors Shares Climbed in January

Auto stocks were under pressure for much of 2022 on fears that a slowing economy and rising interest rates would eat into demand for autos. A combination of easing fears about a recession, and General Motors (NYSE: GM) reporting earnings that showed no signs of a slowdown, moved GM shares into the fast lane in January. General Motors and other automakers didn't have a lot of supporters through much of last year.