Dealers that have a low volume relative to local competitors are expected to be closed by GM. GM has sent a letter to 1,100 dealerships nationwide, telling them that, based on th...
He said the new batteries may not be ready for high-volume production until 2022, and there could be a Tesla with a $25,000 starting price. Accounting and consulting firm Deloitte said in a study last summer that global sales of fully electric and plug-in gas-electric hybrid sale...
General Motors (GM) has announced its Q4 auto sales, showing that it has become the top automaker in the United States for 2022. As General Motors has quickly fallen behind traditional and up-and-coming rivals alike regarding EV sales, specifically Tesla, Hyundai/Kia, and Ford, it has moved...
US, starting around 2022, the company expanded its BEV (battery electric vehicle) lineup by gradually introducing new models based on the Ultium platform, which is designed specifically for xEVs (electrified vehicles), into high volume market segments such as mid-size SUVs and full-size trucks...
relevant revenue growth slowed in 2Q22. The firm maintained its target of 30% growth for its self-owned brands’ scooter sales volume in 2022. We expect revenue from the Xiaomi channel to continue to decline YoY in 2H22. However, given the lower revenue base in 2H21, its drag on revenu...
GMC Sales by Model in the USA in 2021 GMC sales per model in the USA in full calendar year 2021 were as follows: *Note: Totals include further discontinued / low-volume models not listed. Car Sales by Brand in the USA in 2021 (Full Year) ...
No other luxury brand has so much to offer. Let's turn to China where the team is making progress aligning production to demand. In the third quarter, GM and our JVs grew sales 14% from second quarter for our best performance since the third quarter of 2022. Our growing portfolio of EV...
September the company is working on new technology that will enable more affordable cars that can travel dramatically longer distances on a single charge. He said the new batteries may not be ready for high-volume production until 2022, and there could be a Tesla with a $25,000 starting ...
General Motors overtook Japanese carmaker Toyota in US automobile sales last year, according to company figures released Wednesday, reclaiming the top spot on strong demand after earlier supply difficulties.
The company reported overall domestic retail sales of 594,233 vehicles, an increase of 6%.1However, sales at GM’s Envolve unit, which includes commercial vehicles, plunged 23% as temporary production constraints for midsized pickup trucks and vans reduced volume. The company said that those pr...