generalmotors
General Motors Co and its dealers saw a 1.5% year-on-year fall in the first quarter of 2024, delivering a total of 594,233 vehicles in the US. The fall was attributed to a slump in fleet deliveries. But quarterly retail sales were up 6% year-on-year. "GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ. We're on plan," said Marissa West, GM senior vice president and president for North America. GM's second quarter sales resu...
DPA International
General Motors Co and its dealers saw a 1.5% year-on-year fall in the first quarter of 2024, delivering a total of 594,233 vehicles in the US. The fall was attributed to a slump in fleet deliveries. But quarterly retail sales were up 6% year-on-year. "GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ. We're on plan," said Marissa West, GM senior vice president and president for North America. GM's second quarter sales resu...
DPA
General Motors Co and its dealers saw a 1.5% year-on-year fall in the first quarter of 2024, delivering a total of 594,233 vehicles in the US. The fall was attributed to a slump in fleet deliveries. But quarterly retail sales were up 6% year-on-year. "GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ. We're on plan," said Marissa West, GM senior vice president and president for North America. GM's second quarter sales resu...
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ValueWalk
The United Auto Workers union has arrived at a tentative agreement with General Motors, marking the final of the major three U.S. automakers to do so. This step may be among the final actions needed to bring an end to the autoworkers’ strike, which has lasted for over six weeks. At first, the union requested that employees go on strike at a small number of factories, but eventually intensified their efforts by initiating more stoppages, placing more stress on the car manufacturers. In the last week, the union has achieved preliminary settlements with Ford and Stellantis. As with the Ford agree...
uPolitics.com
In his podcast addressing the markets today, Louis Navellier offered the following commentary. So Far, So GoodThe Treasury auction is going fine. The three-year Treasury notes were sold yesterday and the yields came in a little less than expected, so there was robust demand. So far, everything seems okay, and it looks like we can finance all this. Now, the reason we can finance the Treasury auction is there is capital coming from China. China is now experiencing deflation as its economy struggles with declining exports and imports for the past few months. China’s official purchasing manager in...
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Spooky TreasuriesFinancial markets were spooked that the Treasury Department now wants to auction $1 trillion in Treasury securities this quarter, up from $733 billion that was anticipated. In other words, the Treasury Department may have bitten off more than it can chew, but that will be ultimately determined by the bid to cover ratios at the actual Treasury auctions. Fitch Ratings on Tuesday cut its AAA rating on U.S. Treasury debt to AA+ due to worsening financial conditions and governance. Specif...
ValueWalk
In his podcast addressing the markets today, Louis Navellier offered the following commentary. August has been a seasonally weak month for the stock market. However, this time around, much of the cash on the sidelines continues to pour into the stock market. Stocks with high yields, plus good earnings growth, like Alliance Resource Partners, L.P. (NASDAQ:ARLP), CONSOL Energy (NYSE:CEIX), and Dorian LPG Ltd. (NYSE:LPG), have been fairing especially well. Naturally, the AI craze continues, which is continuing to boost Extreme Networks (NASDAQ:EXTR), Rambus (NASDAQ:RMBS), and Super Micro Computer...
ValueWalk
Research has revealed the largest legal settlements in history and how much these enormous payouts would be worth in today’s economy. The Top Ten Largest Lgal SettlementsAmong the settlements was the infamous case that saw Volkswagen exposed for deceiving customers by rigging 11 million vehicles to cheat emissions tests. At the time of settlement, the German car manufacturers were ordered to pay $14.7 billion to settle civil charges, as well as reimbursements to those deceived customers. Since the settlement, inflation has dictated that the value of this payout sits at a hefty $18.6 billion, a...
ValueWalk
New York (AFP) - General Motor's autonomous vehicle unit Cruise recalled 80 cars and updated their software after one failed to properly predict the trajectory of an oncoming vehicle. The company, which is the first to have deployed driverless taxis in San Francisco in June, sent a notice this week to the US agency in charge of road safety, the National Highway Traffic Safety Administration (NHTSA). In filings which came to public attention Thursday, Cruise explains that on June 3 one of its cars was hit from the rear by another vehicle after breaking sharply while making an unprotected left t...
AFP
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