GM (GM) Better Than Expected
General Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year. Car sales fell 10% to just over 118,000. Light trucks were off 19%. Cadillac did poorly with unit sales off 39% to just…
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General Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year.
Car sales fell 10% to just over 118,000. Light trucks were off 19%.
Cadillac did poorly with unit sales off 39% to just over 12,000. Chevy did well, down 11% to just over 123,000. Chevy full-sized pick-ups did remarkably well, down only 5% to just under 54,000.
All in all, a stellar performance compared with Ford (F).
GM’s shares rose 1% to $9.51 while Ford was off almost 13% to $4.55
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
