Tag Archives: cars

GM records $ 806 million loss as pandemic reduces sales

Vehicle sales in the US during the quarter fell 34% compared to the previous year. GM said reduced demand and tight dealer inventories contributed to the decline. GM (GM) However, he found some reason for optimism during a difficult period. Total sales bottomed out in April. In May and June, …

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General Motors (GM) Q2 2020 earnings

General Motors President and CEO, Mary Barra, on April 1, 2020 tours one of the company’s facilities in Warren, Michigan, which will produce Level 1 face masks. GM General Motors lost about $ 800 million and burned billions of dollars in cash in the second quarter in what is expected …

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