Global pizza giant Domino’s Pizza (NYSE:DPZ) is teaming up with General Motors (NYSE:GM) on an electric fleet to address labor challenges and attract drivers reports, the Wall Street Journal.
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The pizza chain is procuring 800 Chevrolet Bolts for its as well as franchise-run stores and deployments of the Domino’s branded vehicles are expected to begin as soon as this month.
Further, Domino’s anticipates having the largest EV fleet in the industry. The company is also looking at ways to improve driving jobs. This could include flexible work timings as well as working with third-party delivery apps.
Domino’s shares have climbed 13% over the past month. Meanwhile, analysts are cautiously optimistic about the stock with a Moderate Buy consensus rating based on eight Buys, 11 Holds, and two Sells.
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