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GM retools supply chain to get tens of thousands of vehicles awaiting parts to consumers quickly and ward off future supply chain challenges.
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General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
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Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
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General Motors, Ford Motor and Stellantis may need to boost wages as they negotiate a four-year labor contract for 150,000 employees.
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But the automaker remains bullish that stronger results are possible in the second half of the year.
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GM and Ford seek exemptions to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.
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As automakers report second quarter results, analysts say a market rebound may be on the way.
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GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.
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The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.
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General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake Tesla as the No. 1 EV maker.
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