Strong demand pushes GM towards impressive 2Q sales results
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July 6, 2023 2:16 PM EDT
German auto maker, Volkswagen (VW) announced Thursday their plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026.
VW had previously made a costly investment into Ford's now Ford's now-defunct self-driving car unit, Argo. The company took nearly 100 people... More
July 5, 2023 11:38 AM EDT
General Motors Co. (NYSE: GM) and its dealers delivered 691,978 vehicles in the U.S., up 19% year-over-year, in the second quarter of 2023 and 1,295,186 vehicles in the U.S., up 18% year-over-year, in the first half of 2023.
All four of GM's brands delivered double-digit year-over-year... More
July 5, 2023 9:41 AM EDT
Analyst Ranulf Orr from Citi Research reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared to the previous year. The primary drivers of demand growth were Europe and North America, experiencing respective year-on-year rises of 59% and 50%. In contrast, China's growth was more... More
