General Motors (GM) announced plans to escalate deliveries to dealers and customers across the U.S. and Canada. Following the announcement, shares of the company jumped 6.4% to close at $63.46 on June 3. General Motors now forecasts its first-half results to be “significantly better than prior guidance” and also predicts strong full-year results. The expected beat will be driven by the newly accelerated timeline and enhanced volumes as a result of robust demand witnessed for Chevrolet, Buick, GMC, and Cadillac. It emanates from the benefits seen from GM’s ongoing efforts to prioritize semiconductor usage that maximize the utilization of chips. As an indication of the strong demand, the U.S.
https://www.tipranks.com/news/gm-accelerates-deliveries-on-robust-demand-shares-pop-6-4
General Motors (NYSE:GM)
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