How is General Motors doing in 2021?
How is General Motors doing in 2021?
GM’s First Quarter U.S. Retail Sales Grow 19 Percent General Motors Co. (NYSE: GM) announced today it sold 642,250 vehicles in the U.S. in the first quarter of 2021, with retail deliveries up 19 percent and fleet sales down 35 percent year over year. Total sales were up 4 percent compared to a year ago.
What time will GM report earnings?
DETROIT, July 21, 2021 /PRNewswire/ — General Motors Co. (NYSE: GM) will release its second-quarter 2021 financial results on Wednesday, Aug. 4, at approximately 7:30 a.m. ET, followed by a conference call for financial analysts at 10 a.m. ET.
How many cars did GM sell worldwide in 2020?
6.8 million vehicles
In 2020, General Motors sold about 6.8 million vehicles. This compares to around 8.4 million units in 2018, representing a decline of around 12 percent.
Is GM financially stable?
General Motors Co has the Financial Strength Rank of 4. GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors: 1. The debt burden that the company has as measured by its Interest Coverage (current year).
How many cars did GM sell 2021?
Sales Results – Q3 2021 – USA – GM Totals
| BRAND | Q3 2021 / Q3 2020 | Q3 2021 |
|---|---|---|
| CHEVROLET TOTAL | -36.06% | 287,925 |
| CADILLAC TOTAL | -31.69% | 22,519 |
| BUICK TOTAL | -20.06% | 39,299 |
| GMC TOTAL | -26.74% | 97,254 |
What did GM announce today?
Today, General Motors announced a new community charging program to install up to 40,000 Level 2 EV chargers across the U.S. and Canada. GM and its dealers will work together to expand access to charging in local communities including in underserved, rural and urban areas where EV charging access is often limited.
Why is General Motors closing?
GM is following rival carmakers by shutting down some production lines because of the global semiconductor shortage. General Motors said Thursday that it is cutting production in eight plants across North America. The company is adding downtime for plants across the continent for approximately two weeks.
Why is GM stopping car production?
General Motors has announced that it will stop production in nearly all North America assembly plants beginning on Labor Day, USA Today reported. With the vast shortage of semiconductor chips caused by the pandemic, GM cannot obtain these crucial parts to make most of their vehicles.
How many vehicles did GM sell in 2020 in the US?
2.5 million cars
Overall, G.M. sold 2.5 million cars and light trucks in 2020, down from nearly 2.9 million a year earlier.
How many cars sold 2020?
The U.S. auto industry sold a little over 3.4 million cars in 2020. That year, total car and light truck sales were between 14 and 15 million in the United States. U.S. vehicle sales peaked in 2016 at roughly 17.5 million units.
Does GM have too much debt?
General Motors Finance noted that GM’s most recent financial statement reported on February 10, 2021, showed a total debt of $109.89 billion, with $72.98 billion in long-term debt and the remaining $26.91 billion in current debt. Adjusting for $19.99 billion in cash equivalents, GM has a net debt of $89.90 billion.
When does General Motors report its second quarter results?
GM Reports Strong Second-Quarter 2021 Results August 4, 2021 GM Announces 2021 Q2 Earnings Conference Call Details July 21, 2021 General Motors Sustains Strong Momentum in China in Second Quarter July 9, 2021 GM to Source U.S.-Based Lithium for Next-Generation EV Batteries Through Closed-Loop Process with Low Carbon Emissions
Is the General Motors Company endorsing any product?
GM reserves the right to terminate any link or linking program at any time. GM does not endorse companies or products to which it links and reserves the right to note as such on its Web pages.
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When does the General Motors simulated car come out?
Simulated vehicle shown. Simulated vehicle shown. Actual production model may vary. Initial availability Fall 2021. Data Provided by Refinitiv. Minimum 15 minutes delayed.