An economic downturn could put all automaker’s, even those making luxury autos, earnings to the test.
GM surges, peers also gain, though some see declines amid market pressures.
The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
Two members of the U.S. House of Representatives have launched a bipartisan effort to spur legislative efforts that support self-driving vehicles.
The money will help a joint venture of General Motors Co. and LG Energy Solution finance the construction of new lithium-ion battery cell manufacturing facilities.
The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.
The automaker saw a Quarter One net income of $2.9 billion, just 2.7% lower than 2021, despite $2.5 billion in increased costs as global revenue rose 11%.
The EV race heats up as Ford Motor Co. and General Motors Co. highlight new electric pickups while other car companies get ready to release new battery-powered models in 2022.
The question comes down to who will write the software for advanced features like hands-free driving: chipmakers, carmakers, or Tier I suppliers.
Short supplies of new vehicles drove a dip in consumer loyalty of over 3 percentage points, according to Experian.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In