Upstart activist Engine No. 1 takes stake in GM, supports EV transition plan - NewsBreak
By Alexdemarco in Business
Updated 3 years ago
Upstart activist firm Engine No. 1 has taken a stake in General Motors, which it believes is taking the necessary steps to become an automaker of the future. "We think that this can become a growth company again... we think this stock could triple over the next five years," Engine No. 1 founder Chris James said Monday on CNBC's "Squawk Box."