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GM vehicle sales tumble 15% as chip crunch, supply snags drag

Channel News Asia LogoChannel News Asia1 mo ago

GM vehicle sales tumble 15% as chip crunch, supply snags drag

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:General Motors Co reported a 15 per cent drop in second-quarter auto sales on Friday, as a global chip shortage and supply chain disruptions hit production and left nearly 100,000 vehicles waiting for more parts.The U.S.

Tesla Inc will be the only major brand to increase sales in the first half of the year, Cox said.

Automakers are set to report U.S.new-vehicle sales for three months through June on Friday and Tuesday.


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Article Details

Category: Economy

Topics: Vehicles Chip Toyota Year Auto Last Industry Sales Quarter Automakers Production

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 18:08:35

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 533 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 25236

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 53m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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