Cathie Wood ‘keeping open mind’ on investing in GM as carmaker scales EV plans

Cathie Wood ‘keeping open mind’ on investing in GM as carmaker scales EV plans

General Motors (GM) has been revving up its electric vehicle business. And Cathie Wood is taking notice.

The innovation-focused, Tesla (TSLA)-loving Ark Invest CEO — a vocal critic of legacy automakers who predicted not long ago that GM will go bankrupt — is changing her tune on the Detroit-based car manufacturer as it commits to an electric future, Wood signaled in an interview with Yahoo Finance. She also revealed that her investment management firm recently met with General Motors CEO Mary Barra.

“I'm fascinated by how Mary Barra is really turning that ship around and very focused on cruise automation,” Wood said in a sit-down conversation with Yahoo Finance’s Julie Hyman.