Carmakers Post Strong Year-End Sales
Loosening inventories balance economic pressures, including rising interest rates.
Loosening inventories balance economic pressures, including rising interest rates.
Says it’s the biggest EV pizza-delivery fleet in the country.
Aims to compete with Tesla via ‘solidly profitable’ lineup in 2025.
After toppling GM last year, carmaker may be bumped down after facing market woes common throughout the industry.
“Retail margin” sales could bring carmaker “thousands” of EV customers.
General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.
GM retools supply chain to get tens of thousands of vehicles awaiting parts to consumers quickly and ward off future supply chain challenges.
But the automaker remains bullish that stronger results are possible in the second half of the year.
General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.
General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake Tesla as the No. 1 EV maker.
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