GM reports 2.2% decrease in third-quarter sales, but EVs make gains
Publishing timestamp: 2024-10-01 15:00:06
Summary
GM reported slightly better-than-expected sales in the third quarter, with a 2.2% drop compared to the previous year. The increase in sales of electric vehicles and small crossovers helped offset the decline. GM's EV sales were up 60% year-over-year, but still only made up 4.9% of total sales. The impact of Hurricane Helene and port strikes on future sales remains uncertain. Other automakers like Hyundai, Toyota, Nissan, and Honda also reported their third-quarter sales.
Sentiment: NEUTRAL
Tickers: 7201.T-JP, HMC, HYUO-GB, TM, GM,
Keywords: transportation, business, earnings, united states, autos, hyundai motor co, breaking news: business, honda motor co ltd, business news, toyota motor corp, general motors co,
Source: https://www.cnbc.com/2024/10/01/gm-third-quarter-sales-2024.html