General Motors (GM) GM files lawsuit against San Francisco

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/22/2026

1. SPCX
2. NVDA
3. ACN
4. USO
5. DFTX
6. GOOGL
7. APGE
8. MU
9. IBM
10. HOOD

Go back to General Motors (GM) GM files lawsuit against San Francisco

Deutsche Bank expecting softer auto sales in December

December 29, 2023 10:31 AM EST

Deutsche 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

GM sues San Francisco, seeking $121 million in back taxes, penalties

December 27, 2023 6:24 PM EST

By Greg Bensinger

SAN FRANCISCO (Reuters) - General Motors has sued the city of San Francisco, seeking to recover more than $100 million, alleging that it was charged a higher tax bill than warranted because its Cruise self-driving car unit was improperly used to make the calculations.

In the case filed in California Superior Court in San Francisco, GM is seeking $108 million in back taxes over the course of seven years, as well as $13 million in penalties and interest, according... More