General Motors Co., which has been struggling with the impact of its massive ignition switch recall, took another hit Wednesday when a Morgan Stanley analyst said the company may fall behind in a major industry shift.
Analyst Adam Jonas said that the industry is entering a period of significant technological change, brought on by the potential of electronic and self-driving vehicles. The rules for what it takes to be a successful car company are changing, which he says could hurt a number of companies that can’t keep up. Jonas also noted that GM faces challenges in a slowing US market and changing global markets.
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