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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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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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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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GM entered agreement with the rental car company to funnel more loaner vehicles to dealerships amid the global microchip shortage.
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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.
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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.
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How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
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Market Scan supplying industry data and payment calculation technology to enhance GM’s Shop.Click.Drive digital retailing platform.
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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 announced today that it intends to drawdown approximately $16.0 billion from its revolving credit facilities.
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