Automakers and dealers are starting to offer discounts, low-interest loans and other incentives to lure buyers as the supply of cars grows.
The nation’s largest automaker sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from rising interest rates.
The prices of used battery-powered models have fallen sharply, as the supply of cars and trucks has improved.
The union targeted one factory run by General Motors, one by Ford and one by Stellantis. Prolonged walkouts could hurt the U.S. economy and President Biden.
The biggest U.S. automaker sold more trucks and sport-utility vehicles as supply chain problems eased and demand remained strong.
The semiconductor maker GlobalFoundries will dedicate part of its output to G.M. as the automaker offers more electric vehicles and driver-assistance systems.
Automakers have been hampered by the supply of semiconductors and higher interest rates.
The automaker’s performance indicates that the global semiconductor shortage is beginning to ease.
The automaker reaffirmed its forecast for earnings for the full year.
The automaker sold 483,688 vehicles in the United States in the second quarter.