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General Motors provides a 2023 year-end update on overall vehicle sales by model, including year-over-year EV sales.
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More competitive pricing and consumer reluctance are taking their toll on the automaker's ambitious electrification plans.
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The car rental giant is running into some realities about its electric vehicles prompting a "not so fast" approach to fleet electrification.
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For 2023, expect higher incentives, volumes, and inventory levels, but by how much?
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It was a mixed bag as quarterly and year-end sales results for nearly all major automakers rolled in. GM led U.S. sales, while Hyundai and Kia set new sales records and Stellantis and Nissan were down in both Q4 and YOY.
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Reporting its full-year 2020 Results, Europcar Mobility Group cited limited visibility on when rental car demand will recover; U.S. business a bright spot.
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The maker of commercial electric vehicles won’t meet its projected production target of 300-400 vehicles in 2020 in part due to more than 36% of its production-related staff having contracted the coronavirus or quarantined awaiting results.
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The company also reported a net loss of $847 million.
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FleetCor Technologies reported $302 million in fourth-quarter net income earlier this month, which exceeded Wall Street expectations.
Read More →Element Financial boosted revenue in the quarter ending Sept. 30 by 120 percent largely due to its acquisition of PHH Arval from PHH Corp. in July, the company has announced.
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