GM's 2023 U.S. vehicle sales were its best since 2019
Publishing timestamp: 2024-01-03 12:20:06
Summary
General Motors reported a 14.1% increase in U.S. vehicle sales in 2023, making it their best year since 2019. The increase was led by the Buick brand with a 61% increase and the Chevrolet unit with a 13.1% increase. However, sales of all-electric vehicles were disappointing, accounting for only 2.9% of the company's overall sales. GM plans to increase production and offer incentives to boost EV sales in 2024.
Sentiment: NEUTRAL
Tickers: GM,
Keywords: earnings, electric vehicles, general motors co, business news, united states, detroit, breaking news: business, transportation, business, autos,
Source: https://www.cnbc.com/2024/01/03/gm-2023-us-vehicle-sales.html