Avis Is Making Smart Moves, but This Automaker Might Crash the Party Anyway

The automotive industry looks more like the Wild Wild West than ever before. Automakers are developing ridesharing projects, Silicon Valley tech companies are developing driverless technology, and auto dealership groups are developing online selling platforms. Even Avis Budget Group, Inc. (NASDAQ: CAR)has to be commended for its forward-thinking strategy acquiring Zipcar and inking partnerships with the likes of Alphabet's Waymo, its autonomous car development company.

Avis' recent move is a smart decision, but General Motors (NYSE: GM)might end up crashing the party.