...General Motors Company's (GM) ratings are supported by its strong market position in the regions where it competes, its solid profitability and its commitment to maintaining a relatively conservative balance sheet. Fitch Ratings expects the margin performance of GM's key North American operations to remain strong relative to its peers, while its decision to exit underperforming markets outside the U.S. has also contributed to significantly stronger global profitability and lower capital spending. Fitch expects the company to maintain a relatively strong liquidity position over the long term that will be sufficient to protect against a downturn, while keeping leverage near the low end of its peers. Although its mobility initiatives will weigh on profitability over the next few years, Fitch views the recent commitment by SoftBank Vision Fund to invest $2.25 billion into GM Cruise Holdings LLC as a positive development toward commercializing the company's autonomous technology....
