General Motors Faces Problems In Vehicle Delivery: Report
Portfolio Pulse from Shivani Kumaresan
General Motors Co (NYSE:GM) is reportedly facing delays in dealer delivery despite strong demand in the U.S. The company has been struggling with logistics post-COVID, causing difficulties in shipping vehicles quickly to its dealers. The company's North America president, Rory Harvey, stated that they have good inventory levels but would like to get units to dealers faster. GM sold 1,348 Lyriq and 47 Hummer EVs in Q2. The company has also reduced the starting price for the Cadillac Lyriq by 14% in China.
July 18, 2023 | 10:50 am
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General Motors is facing delivery delays despite strong demand, which could potentially impact its sales and revenue in the short term.
The news directly pertains to General Motors and its operations. The reported delivery delays, despite strong demand, could potentially impact the company's sales and revenue in the short term. This could negatively affect the company's stock price.
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