Category: Sales and Inventories
10/29/2019
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GM’s doing well, thank you, and is ready for recession
GM shares shot up today, after the company announced, in a morning conference call, profits of $2.3 billion in the past quarter, good for a 38¢ per share dividend. GM Financial had earnings before taxes of $700 million. Gross revenue was $35.5 billion. Automotive operating cash flow for the quarter was $5 billion, double the […]
10/15/2019
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GM inventories falling enough to deal with UAW
GM stocked up on cars and parts before going into negotiations with the UAW, readying themselves for the long haul. Now, the company is starting to make concessions—one of which may affect its chief American competitor more than itself. That one is health benefits. GM had tried to raise hourly workers’ share of medical insurance […]
10/02/2019
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GM strike hasn’t hurt sales, has it? Ford falls, FCA doesn’t, and Tesla hits a record
The GM strike isn’t hurting sales so far, if we can generalize from the company’s U.S. sales over the last quarter. GM had a gain of 6.2%, while Ford fell 5.1% and FCA stayed just about the same. Not surprisingly, GM kept its lead over Ford, with sales of 737,270 for the quarter vs Ford’s […]
09/30/2019
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GM has plenty of cars, but parts may be a problem
Over the past months, GM has boosted its inventory so it could be tough with the United Auto Workers union. The UAW is demanding a greater share of GM’s good fortune, and the maintenance of three plants which GM wants to close (or has closed); and GM wants the UAW to pick up a much […]