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GM's (GM +1.2%) global sales +4% to over 4.85M cars and light trucks in H1, moving ahead of...

GM's (GM +1.2%) global sales +4% to over 4.85M cars and light trucks in H1, moving ahead of Volkswagen for sales volume. Breakdown: North America +7.7% to over 1.64M, with U.S. +8% to 1.42M; International +7% to 1.92M, with China +11% to a record 1.57M; Europe -6.5% to above 797,000; South America -1% to almost 497,000. Chevrolet sales +1.4% globally to a record 2.5M. (PR)
Comments (3)
  • Remford
    , contributor
    Comments (114) | Send Message
     
    Good grief. Every tidbit heralding GM's tepid underperformance is greeted by the market partying like it's the end of the world.

     

    2013 is going to be the same old story - overproduction in jamming inventories the breaking point to book a huge Q2 - and spending Q3/4 praying it won't need to outspend its own earnings in incentives.
    16 Jul 2013, 11:04 AM Reply Like
  • tcbracing
    , contributor
    Comments (304) | Send Message
     
    Good grief. Every tidbit heralding anything good about GM is greeted by Remford and his "sky is falling", "GM is back to their same old ways", and "will be bankrupt again by the end of the year" responses.

     

    Too bad on your Short, better bail soon...
    17 Jul 2013, 08:07 AM Reply Like
  • codylance
    , contributor
    Comments (2) | Send Message
     
    Remford: Huh..?!?? Selling 4.85 million cars in the first half - a 4% increase - is somehow BAD news...?!??

     

    With economies bouncing back in the 2nd half, I think this is extraordinarily GOOD news....!!

     

    What color is the sky in your world???
    16 Jul 2013, 04:20 PM Reply Like
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