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General Motors

GM and Ford CEOs on Heightened Watch for Signs of a Recession

General Motors and Ford Motor Co. CEOs say they are watching for signs of a U.S. recession, despite demand for autos being strong.

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GM Hedges its Bets on Ultium Platform

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.

GM Partners With Hertz to Up Loaner Pool at Dealerships

GM entered agreement with the rental car company to funnel more loaner vehicles to dealerships amid the global microchip shortage.

GM Resumes Silverado, Sierra Production Amid Chip Crisis

General Motors will extend production cuts at crossover, midsize pickup and sedan plants because of the semiconductor chip shortage but will resume full-size pickup production on Monday.

GM Again Shutters Truck Assembly Plants Amid Chip Shortage

The company will idle plants in Flint, Michigan; Fort Wayne, Indiana; and Silao, Mexico, just one week after the plants resumed production after an earlier shutdown related to the shortage.

General Motors Reveals Q2 Sales Rose 40% But Missed Analyst Expectations

GM reported sales of 688,236 vehicles in the second quarter, up 39.7% from 2019. But Edmunds and Cox Automotive had forecasted GM sales would rise 40% to 43%.

Do Soaring Sales Spell Trouble for Summer as Inventory Wanes?

How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.

Market Scan® Enters Data and Calculation Technology Solutions Agreement with General Motors

Market Scan supplying industry data and payment calculation technology to enhance GM’s Shop.Click.Drive digital retailing platform.

DealerSocket’s Inventory+ Now Participating in General Motors’ Dealer Vehicle Inventory Management Program

Participation in General Motors’ DVIM program means Inventory+ can now syndicate inventory to any GM-participating website provider or program.

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General Motors Fortifies Balance Sheet in Response to COVID-19

General Motors announced today that it intends to drawdown approximately $16.0 billion from its revolving credit facilities.

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