GM delays return-to-work plans to 2023
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General Motors (GM) Citi Adjusts Models Ahead of 3Q US Auto Reports
September 28, 2022 8:07 AM EDTCiti Research analyst, Itay Michaeli is expecting lower production levels from auto manufacturers in the 3Q, reflecting the outlook for tight supply-chains into 2023, as well as a worsening macro-outlook in Europe.
Michaeli wrote in a note: Were taking a first step ahead of Q3 reporting by adjusting our Traditional Automaker & Tier-1 supplier models to reflect lower production expectations mainly reflecting the outlook for tight supply-chains into 2023, as well as a worsening macro outlook in Europe. No ratings/thesis change (please see below for... More
