General Motors, which rose more than 3% today, saw terrible effects from the pandemic. Second-quarter vehicle deliveries were down 34% year over year, with Cadillac in particular suffering a 41% drop. Ford's delivery decline of 33% was just about the same.
https://www.otis.edu/sites/default/files/webform/app-free-v-bucks-generator-you-scoop4.pdf
https://www.otis.edu/sites/default/files/webform/free-v-bucks-generator-get-very-easy2.pdf
https://www.otis.edu/sites/default/files/webform/legit-working-free-v-bucks-generator-742.pdf
https://www.otis.edu/sites/default/files/webform/working-app-free-v-bucks-generator-54.pdf
Although GM and Ford said things got better as the quarter went on, June's numbers were still far off their pace from the same month in 2019.
Even with today's rise, stock prices for both Ford and GM remain more than 30% lower than where they started the year. Tesla managed only a 1% gain Tuesday, but its stock has jumped 262% so far in 2020. Although value-hunting investors have looked at the automakers for some time, it'll take a lot more from General Motors and Ford to convince anyone that they've turned things around for good.
No comments:
Post a Comment