Stock Groups

General Motors fourth-quarter U.S. auto sales drop 43% -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: The brand new GM emblem is seen on the facade of the Normal Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Image taken March 16, 2021. REUTERS/Rebecca Prepare dinner

(Reuters) – Normal Motors Co (NYSE:) reported a second straight drop in quarterly U.S. auto gross sales on Tuesday, as semiconductor shortages and provide chain snarls hit manufacturing amid excessive pent-up demand within the nation.

The U.S. automaker mentioned fourth-quarter gross sales fell 43% to 440,745 automobiles, in contrast with 771,323 automobiles a yr earlier.

Normal Motors mentioned 2021 gross sales had been at 2,218,228 automobiles, under Toyota Motor (NYSE:) Corp’s annual gross sales of two,332,262 automobiles.

Disclaimer: Fusion Media wish to remind you that the information contained on this web site just isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not supplied by exchanges however slightly by market makers, and so costs is probably not correct and will differ from the precise market value, that means costs are indicative and never applicable for buying and selling functions. Subsequently Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury on account of reliance on the data together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties doable.

[ad_2]