Activist investors are wasting their time with automakers
Wall Street is fighting a winless war. It thinks it can pressure GM and Ford into making major changes that will boost their stock prices. But the hardest thing in the world to change is public perception. And the public perception of car companies right now is that they're a terrible place to invest. That's not going to change anytime soon.
In the past five years, GM and Ford have enjoyed soaring sales and record profits. But as their bottom lines grew, their stock prices fell. That tells you all you need to know. If the stock market didn't reward these companies for a huge run-up in sales and profits then, it never will.
(AutoBlog.com)
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