GM entered agreement with the rental car company to funnel more loaner vehicles to dealerships amid the global microchip shortage.
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.
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.
GM reported sales of 688,236 vehicles in the second quarter, up 39.7% from 2019. But Edmunds and Cox Automotive had forecasted GM sales would rise 40% to 43%.
How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
Market Scan supplying industry data and payment calculation technology to enhance GM’s Shop.Click.Drive digital retailing platform.
Participation in General Motors’ DVIM program means Inventory+ can now syndicate inventory to any GM-participating website provider or program.
General Motors announced today that it intends to drawdown approximately $16.0 billion from its revolving credit facilities.
General Motors is bringing Chevrolet, Buick, GMC and Cadillac owners the ability to add convenience and productivity to their daily drives through a new in-vehicle Alexa experience coming in the first half of 2020.
The federal spending bill being negotiated by House and Senate leaders is not likely to include an extension of the $7,500 tax credit for buyers of electric vehicles.
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