Ford Reports 2% Decline in Sales for 2022
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.
Building more parts in-house rather than purchasing them from other suppliers makes financial sense and retains jobs, said CEO Jim Farley.
The automakers take two very different approaches to EV production but with many of the same goals in mind.
Ford, GM say they’ll ship unfinished vehicles by year’s end as supply issue eases.
General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.
GM retools supply chain to get tens of thousands of vehicles awaiting parts to consumers quickly and ward off future supply chain challenges.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
Ford Motor stock hit its best month since the Great Recession, advancing nearly 32% since its 127.4% surge in April 2009.
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