GM sues San Francisco, seeking $121 million in back taxes, penalties
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Deutsche Bank expecting softer auto sales in December
December 29, 2023 10:31 AM ESTDeutsche Bank released their sales preview for the month of December, with analysts suggesting the US light vehicle SAAR may come close to the 15.3-million-unit mark. This projection reflects a slight decrease from November's 15.5 million but significantly surpasses December 2022's figure of 13.6 million. They estimate a YoY increase of approximately 7% in total sales, with retail unit sales rising by 6% and fleet sales experiencing a 15% increase compared to the previous year.
As the sales recovery continues, truck sales have shown a slight YoY increase, reaching... More
General Motors (GM) GM files lawsuit against San Francisco
December 28, 2023 9:13 AM ESTGeneral Motors (NYSE: GM) has filed a lawsuit against the city of San Francisco, aiming to reclaim over $100 million. The lawsuit alleges that the tax bill imposed on GM was inaccurately calculated, attributing this miscalculation to the improper use of its Cruise... More
