GM reports best U.S. quarterly sales since 2020
Publishing timestamp: 2024-07-02 12:20:14
Summary
General Motors reported its best quarterly sales in more than three years, with increases in full-size pickup trucks and all-electric vehicles. However, the industry is facing challenges due to cyberattacks on dealer software provider CDK Global. Toyota and Hyundai also reported their second-quarter sales, while Berkshire Hathaway made significant profits from China EV maker BYD. Predictions for the stock market and S&P 500 are also discussed.
Sentiment: MIXED
Tickers: GM, SAH, GPI, ABG, AN, LAD,
Keywords: business, earnings, electric vehicles, general motors co, lithia motors inc, sonic automotive inc, breaking news: business, group 1 automotive inc, autonation inc, transportation, asbury automotive group inc, autos, detroit, business news,
Source: https://www.cnbc.com/2024/07/02/gm-q2-2024-auto-sales.html